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The Federal Reserve Chairman surprised practically no one by hiking interest rates on Wednesday, but the Treasury Secretary scared almost everyone....
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U.S. stocks face downside risk after the Fed went ahead with an interest-rate hike to battle high inflation after bank failures earlier this month, according to SoFi's Liz Young.
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Federal Reserve hikes its key interest rate a quarter point CBS NewsFed raises interest rates a quarter point despite recent banking turmoil Fox BusinessThe banking meltdown may have done the Fed's work for it CNNOpinion | The Fed Tries to Thread the Needle on Interest Rates The Wall Street JournalWhy Are Stocks Down? InvestorPlaceView Fu
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The 'size and persistence of shocks' to the economy from the banking sector cast doubt on the Federal Reserve's insistence of no rate cuts, says economist.
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The Federal Reserve's rate decisions have huge implications for the economy, the stock market and consumers.
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If the Fed strategy turns out to be sound—with the bank instability largely contained and inflation falling—a truly systemic financial crisis will have been avoided at relatively low cost, in terms of financial market wreckage or inflation.
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There had been widespread uncertainty about whether the Federal Reserve would continue raising rates after turmoil in the banking industry.
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The Invesco QQQ Trust, which tracks the technology-heavy Nasdaq-100 index, finished lower following choppy trading after the Fed announced its rate hike.
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 The Federal Reserve raises its key interest rate by a quarter point to curtail inflation despite banking stress.
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Patrick Carroll, whose company manages $7.4 billion in assets, likens Wednesday's Fed rate hike to another punch in the gut for the real-estate market.
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Regional bank stocks have been closely followed in recent days amid concerns over the broader sector.
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U.S. stocks finished sharply lower in volatile trade on Wednesday after the Federal Reserve raised interest rates by another 25 basis points, but indicated rate cuts this year aren't expected.
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The Federal Reserve interest rate hike will make credit card debt more expensive.
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U.S. stocks close higher as regional banks rally ahead of Fed rate decision
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