The Federal Reserve increased its interest rates for the first time in nearly a decade. But investors now turned their attention to the global economy’s overall condition and the market’s reaction to the Fed move.
They sighed a sense of relief upon hearing the news, as a long . Market action was orderly, with portfolio managers and traders anticipating the rate liftoff.
The Dow Jones Industrial Average ended at 17,749.09, up 1.3%, after the Fed decision. Treasury bonds were hugely flat and industrial commodity prices continued to plunge. And US junk bond prices surged for a second days.
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