Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) shares, among several other companies in the broader technology and semiconductor sectors, are trading lower by 4.89% to $84.76 Thursday afternoon amid overall market weakness. The Federal Reserve Wednesday afternoon raised its target fed funds rate by 75 basis points to a new range of between 1.5% and 1.75%, its largest interest rate hike in 28 years.
“Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures,” the Fed said in a statement… Read More
