Dow Jones falls over 500 points as Fed hikes rates, signals more increases
AI Summary
Federal Reserve raises interest rates and signals additional hikes ahead.
Dow Jones Industrial Average falls more than 500 points after the announcement.
Federal Reserve was cutting interest rates exactly 12 months earlier.
The Dow Jones Industrial Average fell more than 500 points after the Federal Reserve raised interest rates and signaled that further hikes were ahead. The move marked a sharp reversal from exactly 12 months earlier, when the Fed was cutting rates.
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