US Close Mixed After 25 bps Fed Hike, Dollar Firms, WTI Drops 3.6%
US equities finished mixed after the FOMC raised rates 25 bps to 3.75%-4.00%, with the dollar index at 100.29, the US 10-year yield at 5.01, and WTI crude down 3.5812% to 102.04.
Dow ETF -1.1491%Stocks faded after the Fed hike and higher-for-longer pricing.
WTI crude -3.5812%Oil retreated after the Fed decision.
US Dollar Index +0.6746%Dollar strengthened after the Fed hike.
VIX +2.2674%Volatility firmed into the close.
Lead: US equities ended mixed after the FOMC raised rates 25 bps to 3.75%-4.00%, with the dollar firmer and crude softer. Session narrative: SPY fell 0.4449%, DIA lost 1.1491%, and IWM slipped 0.4313%, while QQQ edged up 0.0426%. VIX finished at 17.59, up 2.2674%. Cross-asset check: the US 10-year yield held at 5.01, DXY was 100.29, USD/JPY was 156.345, and WTI crude dropped 3.5812% to 102.04. Themes & continuing stories: the policy path stayed in focus after the unanimous hike and the view that conditions are not restrictive. What’s ahead: traders now watch whether rates, the dollar, and energy keep moving off the Fed decision.