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● LIVE Updated 59m ago · 9 sources tracked

Stock Market Today: Nasdaq Keeps Gain After Fed Hikes Rates By Quarter Point (Live Coverage)

The Federal Reserve raised its benchmark interest rate by a quarter point on Wednesday, September 17, marking the first increase in three years. While the Dow fell 700 points following comments from Chair Kevin Warsh that inflation remains too high, the Nasdaq maintained its gains. US stock indexes rose sharply Thursday morning as markets reacted to the decision and falling oil prices. The Fed suggested additional rate hikes may follow to combat stubbornly high inflation.

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⚡ Key Developments & Real-Time Context
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  • ✓ The Federal Reserve raised interest rates by a quarter point on Wednesday, September 17.
  • ✓ This is the first interest rate hike from the Federal Reserve in three years.
  • ✓ The rate increase was intended to address high inflation.
🛡️ Source Corroboration: 9 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

The Federal Reserve officially implemented a quarter-point rate hike and Chair Kevin Warsh addressed persistent inflation.

Live updates

  1. Nasdaq Gains as Fed Hikes Interest Rates by Quarter Point

    The Federal Reserve raised its benchmark interest rate by a quarter point on Wednesday, September 17, marking the first increase in three years. While the Dow fell 700 points following comments from Chair Kevin Warsh that inflation remains too high, the Nasdaq maintained its gains. US stock indexes rose sharply Thursday morning as markets reacted to the decision and falling oil prices. The Fed suggested additional rate hikes may follow to combat stubbornly high inflation.

    Why it matters

    This policy shift ends a three-year period of steady rates. The move aims to stabilize the economy by curbing rising inflation. Investors are closely monitoring Chair Warsh for signals on the future trajectory of monetary policy.

    What is confirmed

    • The Federal Reserve raised interest rates by a quarter point on Wednesday, September 17.
    • This is the first interest rate hike from the Federal Reserve in three years.
    • The rate increase was intended to address high inflation.

    Still unconfirmed

    • The rate hike could spur a sharp response from the White House.
    • The Dow fell 700 points after Kevin Warsh stated inflation remains too high.

    What to watch next

    • Further comments from Chair Kevin Warsh regarding future rate hikes
    • White House reaction to the Federal Reserve decision
    Sources used for this update (10)
    1. Bloomberg.com — Asian Stocks to Edge Higher as Traders Await Fed: Markets Wrap
    2. WSJ — Fed Meeting Today: Dow Futures Edge Up as Investors Await Warsh Rate Decision
    3. www.cnbc.com — The Federal Reserve is expected to hike rates for the first time in three years: Live updates
    4. economictimes.indiatimes.com — FED Meeting Live | Dow Jones Futures | US Stock Market Live: US stocks trade higher ahead of much-anticipated Fed rate decision
    5. Investor's Business Daily — Stock Market Today: Nasdaq Keeps Gain After Fed Hikes Rates By Quarter Point (Live Coverage)
    6. Investor's Business Daily — The Fed Will Be Hawkish. The S&P 500 May Prefer It. (Live Coverage)
    7. Yahoo Finance — Update: Equities Mixed Intraday Ahead of Fed Decision
    8. www.cnbctv18.com — US Fed Meeting LIVE Updates: Dow falls 700 points after Kevin Warsh says inflation remains too high
    9. www.pbs.org — U.S. stocks slip after the Fed raises interest rates, hints more hikes may be on the way
    10. www.nbcnews.com — Stocks and bonds rally after Fed hikes rates and oil prices fall
    confidence 95%
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