Wall Street rebounds after Fed’s first rate hike since 2023
Easing oil prices and falling US Treasury yields helped markets move past the rate increase, Reuters reports.
TLDR
Reuters reports that Wall Street bounced back after the Federal Reserve’s first interest-rate hike in more than three years, helped by lower oil prices and falling US Treasury yields. Bloomberg reports that gold held a gain at the end of a volatile week as the rate hike and lower oil prices helped ease inflation concerns.
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