How did the market respond to the Fed’s announcement of a historic rate hike?

2 min readJun 16, 2022

6/16/2022 12:47:13 PM GMT

  • The Federal Reserve boosted interest rates by 0.075 percentage points on Wednesday.
  • The Wednesday rate increase was the highest since 1994.
  • The rate increase had a mixed effect on various commodities, currencies, and index prices.

The Federal Reserve spiked interest rates by 0.75 at its Wednesday meeting. The spike was the biggest rate hike since 1994, as another step from the Fed in to combat high…