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Kiplinger
Kiplinger
Business
Karee Venema

Stock Market Today: Stocks Swing After Fed Signals More Rate Hikes

Federal Reserve Chair Jerome Powell

Stocks spent the day mostly higher in the lead up to this afternoon's policy announcement from the Federal Reserve. However, the major indexes swung lower after the central bank, as expected, held interest rates steady, but forecast more rate hikes to come. 

Price action ultimately stabilized into the close, though one major index woefully underperformed its peers.  

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