Business

Stocks slide after the Fed hikes rates

4 monthes ago   |   By

Yuri Gripas/Reuters
Stocks slid Wednesday after the Federal Reserve hiked its benchmark short-term interest rate by a quarter percentage point to a range between 1.75% and 2%. Treasury yields and the dollar rose following the Fed's announcement.
Here's the scoreboard: See the rest of the story at Business Insider NOW WATCH: The world is running out of sand - and there's a black market for it now See Also: The stock market's biggest bear unloads on the 'economic Ponzi scheme' he says will cause the next crash - and explains why this meltdown feels different A 'new wave of defaults' by...
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Here's the new Fed dot plot

Here's the new Fed dot plot

4 monthes ago   |   By

Wikimedia Commons
The Fed announced it intends to raise the benchmark fed funds rate to a range between 1.75% and 2%.
The Federal Open Market Committee also released its quarterly "dot plot," showing where Fed members expect rates to go over the next few years.
The median member predicts rates will be between 2.25% and 2.5% by the end of 2018, suggesting two more hikes this year.
The Federal Reserve just announced , as widely expected, that it intends to raise the benchmark fed funds rate to a range between 1.75% and 2%. The central bank also gave us an idea about what its policymakers...
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