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.
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Gary Black Says a 'One-and-Done' Fed Hike Could Push Treasury Yields Lower and Be Better for Stocks
The Future Fund ‘s Gary Black said on Tuesday that a 25-basis-point Fed rate hike, if positioned as a "one-and-done" move, could push 10-year Treasury yields lower and prove more supportive for equities than a prolonged hiking cycle. Driving Case for a Hike In the post on X, the investor said a single hike now could pr