In One Chart: Fed Hikes Rates, Market Hits New Lows

As the market expected, the Federal Open Market Committee (FOMC) raised the target range for the Fed Funds Rate from 2.0–2.25% to 2.25–2.5%. Fed Chair Jerome Powell, who since taking the helm has been considered neutral, shared both hawkish and dovish comments in his address following the announcement. Powell’s and the FOMC’s decision to raise target rates … Continued