Wall Street traders drove stocks to their lowest level since July, betting that the Federal Reserve will continue to raise interest rates to combat inflation after delivering its first hike in three years. [14:00 ET] FOMC hiked rates 25 bps, as expected, with 12 of 18 officials seeing one more 25-basis-point rate hike this year; 4 see two hikes; 2 see no more hikes. [USD strengthened] [11:47 ET] Saudis seek to resume half of key oil pipeline within days [Oil & DXY Weakened, Stock Indexes Strengt
Wall Street traders drove stocks to their lowest level since July, betting that the Federal Reserve will continue to raise interest rates to combat inflation after delivering its first hike in three years. [14:00 ET] FOMC hiked rates 25 bps, as expected, with 12 of 18 officials seeing one more 25-basis-point rate hike