US stocks fall as the Fed delivers smaller rate hike but maintains hawkish stance heading into 2023

Dec 14 2022 by Business Insider

 
Fed Chair Jerome Powell is likely to oversee numerous rate hikes this year.

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Stocks ended lower Wednesday after the Fed hiked rates by 50-basis-points.   The move was widely expected, though the Fed may have struck a more hawkish tone than what traders wanted to hear.   The Fed funds rate is now at its highest level since 2007, with officials expecting to hike rates past 5% through next year.

US stocks ended lower on Wednesday after the Federal Reserve hiked rates...

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