News
/ Business
Stocks stumble after Fed hikes rates, signals more to come
By DAMIAN J. TROISE and ALEX VEIGA, Associated Press
Published: December 14, 2022, 2:11pm
NEW YORK — A bumpy day of trading on Wall Street ended with stocks broadly lower Wednesday after the Federal Reserve raised its benchmark interest rate in its fight against inflation and signaled that more hikes lay ahead.
As expected, the central bank raised its key short-term rate by 0.50
You have run out of free articles.
Get unlimited access
today for only
$99 / year
Subscribe now
Maybe later.
Thank you for reading The Columbian.
Subscribe for only $99/year to get unlimited access.
Subscribe Now