Federal Reserve raises rates; Dow drops 500 points, WSJ
The Federal Reserve raised rates today, its first interest-rate rise since 2023—sending stock and bond prices lower. Stocks turned lower and bond yields higher after Chairman Kevin Warsh began his press conference, per WSJ (via TradingView News). The Dow fell 500 points, and the article says the move could spark tensions between Warsh and President Trump.
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07:03:26 PM UTC
SquawkNews
The Federal Reserve raised rates by 0.25 percentage point today, its first interest-rate rise since 2023-a move that sent stock and bond prices lower and could spark tensions between Chairman Kevin Warsh and President Trump.Stocks turned lower and bond yields higher after Warsh began his press conf…
The Federal Reserve raised interest rates on Wednesday and signaled that borrowing costs are likely to rise further in the coming months. S. central bank chief Kevin Warsh joined a unanimous decision, which effectively acknowledged that the Trump administration has so far been unable to bring inflation under control.