Get the latest news on the most important investing stories of the day as they happen. With today’s historic rate hike, the fed hopes to make borrowing more expensive. That should decrease economic activity, make businesses rethink spending money and make consumer.
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It’s been giving investors and market reporters whiplash, and today’s rally shows the volatility is still here.
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Us stock futures rose ahead of a consequential decision by the federal reserve. Investors expect the fed to raise rate by three quarters of a percentage point in its effort to tame. After hours stock quotes coverage from cnn. Stock market data coverage from cnn.
The s&p rose 0.9%, while the dow gained a more moderate 0.5%, or about 160.
