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The 12-0 decision to raise rates Wednesday signaled to investors that the Fed is now in complete alignment in tackling inflation.
The 12-0 decision to raise rates Wednesday signaled to investors that the Fed is now in complete alignment in tackling inflation.
The S&P 500 fell 1% and the Dow lost 1.7% as the Fed chair said rates weren't restrictive before Wednesday's hike.
President Trump responded to the Federal Reserve raising interest rates for the first time in three years by saying they should be lowered — "AND FAST!" Why it matters: The rate hike immediately puts Trump at odds with the central bank under new Fed chair Kevin Warsh , whom he picked to lead it.
The Fed on Wednesday delivered a much-expected interest rate hike.
