Stock futures rise after Fed's rate hike spurs a market sell-off: Live updates

Live updates

1. 1h ago

   US Stock Futures Climb After Federal Reserve Rate Hike

   US stock futures are rising, pointing to a market rebound following a steep sell-off triggered by the Federal Reserve's latest monetary policy decision. The Federal Reserve raised benchmark interest rates by 25 basis points on Wednesday, pushing the target range to 3.75% to 4.00% in a move that aligned with broad market expectations. While Wall Street initially slipped in the immediate aftermath of the announcement, futures for major indexes including the Dow Jones Industrial Average, S&P 500, and Nasdaq are currently edging higher as investors process the central bank's actions.

   Why it matters

   The central bank's decision to increase borrowing costs impacts global markets and domestic consumers alike, typically resulting in more expensive mortgages and credit cards while offering better returns for savers. The policy shift occurs despite opposition from political figures, placing renewed scrutiny on the central bank's independence and economic strategy. Meanwhile, international markets have shown a mixed reaction as global economies absorb the tightening financial conditions.

   What is confirmed

   • The Federal Reserve hiked benchmark interest rates by 25 basis points to a target range of 3.75% to 4.00%.
   • Stock futures for the Dow, S&P 500, and Nasdaq rose following an initial market slip after the rate decision.

   Still unconfirmed

   • Retail sentiment on SPY and QQQ remained bearish despite the recovery in futures.

   What to watch next

   • Further movements in major stock indexes as regular trading commences.
   • Additional statements from Federal Reserve officials regarding future rate decisions.
   • Reactions in global markets and currency valuations to the higher US interest rates.
   Sources used for this update (12)

   1. nytimes.com — Live Updates: Warsh and Fed Officials Are Expected to Raise Interest Rates Despite Trump's Demands
   2. WSJ — The Key Takeaways From Kevin Warsh’s Press Conference
   3. CNBC — Stock futures rise after Fed's rate hike spurs a market sell-off: Live updates
   4. CNBC — The Fed is hiking again — and the rest of the world could feel the squeeze
   5. AP News — Fed rate hike likely means more expensive credit cards and mortgages, but savers may rejoice
   6. finance.yahoo.com — Dow, S&P 500, Nasdaq Futures Edge Higher After Fed Delivers Rate Hike: SPCX, CADL, SNAP, FLNC Stocks In Focus
   7. AP News — Asian stocks are mixed after Wall Street slips following Fed’s rate hike decision
   8. WSJ — Stock Market Today: Dow Futures Climb, What to Watch — Live Updates
   9. Bloomberg.com — US Stocks Primed to Rebound From Fed Day Slump as Futures Rally
   10. Barron's — Why Stocks Are Loving the Fed’s Rate Hike Even If Trump Hates It
   11. Investor's Business Daily — Stock Market Today: Dow Rises In Fed Aftermath; Generac, Nebius, Bloom, SpaceX Are Early Movers (Live Coverage)
   12. finance.yahoo.com — Nasdaq, S&P 500 Futures Rebound After Fed Rate Hike: NVDA, NBIS, SNAP, SPCX, BE, GNRC Stocks In Focus
   confidence 100%