Stock Market Today: Stocks Go on Wild Ride as Fed Targets More Rate Hikes
by Karee Venema
Sep 21, 2022
2 minutes
Stocks spent most of Wednesday in positive territory, but went on a roller-coaster ride after the Federal Reserve, as expected, issued its third straight 75 basis point rate hike.
The among Wall Street's experts, with the main focus on what the central bank plans to do next. Today's move brought the Fed's benchmark federal funds rate to between 3.0% and 3.25%, with projections from the 19 voting members of the Federal
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