Fed meeting today: Live updates
The Fed raised its benchmark rate by a quarter point, affecting consumers broadly: credit card, auto loan, and mortgage costs rise, while savings and CD rates improve. Markets held gains, though the 10-year Treasury yield hit a 19-year high amid oil price pressures. Economists expect further hikes, citing persistent inflation. Tech stocks typically dip post-hike but recover. HSBC sees near-term stock weakness followed by recovery. Fed days have historically been negative for the S&P 500 in 2026, averaging 1.5% declines.
