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Fed hikes to 3.75%-4%, and 16 of 18 officials see another
The Fed raised rates for the first time since 2023. The Dow fund fell 1.15% while QQQ held flat, and banks took the worst of it.
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The Fed raised rates for the first time since 2023. The Dow fund fell 1.15% while QQQ held flat, and banks took the worst of it.

The Fed's decision lands at 2 p.m. ET with a quarter-point hike near fully priced. Oil rose 4.2% and the 10-year touched 5.041%.

Anthropic and OpenAI CEOs urged slower AI development. Nasdaq futures fell 1.61% and SoftBank 10.7%. The Fed decides Wednesday, hike odds at 86%.