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Shares of the iShares Russell 2000 ETF (NYSE: IWM ) are falling Wednesday afternoon, leading broader market declines as small-cap equities bear the brunt of a hawkish Federal Reserve interest rate decision and post-meeting press conference. Here’s what investors need to know. iShares Russell 2000 Index Fund is volatile
The Federal Reserve delivered the quarter-point rate hike Wall Street expected Wednesday. But its new projections suggest the Fed isn’t done: 16 of 18 policymakers see at least one more increase this year. The Fed unanimously raised its target rate to 3.75%-4%, its first increase since 2023. Median Projection Implies O