Fed raises rates and signals further tightening
The U.S. Federal Reserve raised interest rates for the first time in more than three years and indicated additional tightening ahead, driving a sharp rise in the dollar, declines in the Dow and S&P 500, and a significant flattening of the Treasury yield curve.
S. Federal Reserve raised interest rates on Wednesday for the first time in more than three years and signaled more tightening lies ahead, sending the dollar higher, weighing on the Dow and S&P 500, and flattening the Treasury bond yield curve sharply. In m…