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Fed Chair Raises Rates 25 Points, Signals More Hikes

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Warsh Raises Rates
  • Fed Chair Kevin Warsh raised the federal funds rate 25 basis points, the first hike in three years.
  • S&P 500 fell 33.92 points to 7,551.81.
  • Two-year Treasury yields rose to 4.74% and the 10-year note to 5.02%.
  • Brent crude slipped 2.7% to $105.83 per barrel, while Nvidia rose 0.8% and AMD 1.6%.
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