Fed Hike Triggers Mixed Markets as Futures Rally and Indices Retreat
TL;DR Summary
Futures rose after the Federal Reserve hiked rates by 25 basis points to 3.75%–4.00%, but U.S. stocks finished lower as investors weigh potential further tightening amid persistent inflation; Generac jumped after Amazon received warrants to buy up to $340 million of its shares for data‑center power, while oil eased on easing supply fears. Traders await weekly jobless claims and housing starts for further economic clues as Asia-Pacific markets show mixed moves.
- Stock futures rise after Fed's rate hike spurs a market sell-off: Live updates CNBC
- The Fed was bullied into hiking rates. Now it hopes it didn’t royally screw up CNN
- The Fed is hiking again — and the rest of the world could feel the squeeze CNBC
- Fed Raises Interest Rates in Push for ‘Timelier’ Retreat in Inflation The New York Times
- Here’s what a Fed rate hike means for your mortgage, car loan and credit cards The Washington Post
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