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Wednesday Recap: Fed Issues First Rate Hike Since 2023
The Wall Street Journal8d agoneutral
Wednesday Recap: Fed Issues First Rate Hike Since 2023

The Federal Reserve raised interest rates for the first time in three years, reversing cuts it made last year and implicitly countering the White House’s position that inflation isn’t a concern. Treasury yields moved higher after Fed Chairman Kevin Warsh began his post-decision press conference.