Wall Street swings to mixed close as Fed hints of rate hikes to come

Following the Federal Reserve’s announcement that it may raise interest rates twice more this year while keeping them steady for now, Wall Street experienced a mixed finish.

The S&P 500 ended the day with a 0.1% increase, fluctuating between gains and losses in response to the Fed’s statement.

The Dow Jones Industrial Average, on the other hand, dropped by 232 points, or 0.7%, while the Nasdaq composite saw a rise of 0.4%.

The Fed concluded its latest policy meeting by maintaining current interest rates, allowing more time to assess the impact of the numerous rate hikes implemented over the past 15 months on the economy, the Associated Press has reported.

READ MORE: https://apnews.com/article/stock-market-interest-inflation-rates-fed-2d27a2a8fcac13358e21cd9c98f50db0

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