Uncertainty Removed- Risk Appetite Lifted as Fed Hikes Rates

Market sentiment was lifted by Fed’s announcement to increase the Fed funds rate by +25 bps. While the decision had been widely expected before the meeting, removal of uncertainty has sent equities higher. Wall Street gained with DJIA and S&P 500 indices rising +1.28% and +1.45% respectively.

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Uncertainty Removed- Risk Appetite Lifted as Fed Hikes Rates