Stocks fall after Fed raises rates for first time since 2023
Stocks declined following the Federal Reserve’s first rate increase in three years; Treasury yields were mostly higher and the U.S. dollar rose as traders bet on more rate increases ahead.
Stocks fell after the Federal Reserve raised interest rates for the first time in three years. Treasury yields were mostly higher after the Fed rate increase. S. dollar rose as traders bet there would be more rate increases in the months ahead.