Beltway Confidential

The Fed made the right call with rate hikes

By Tiana Lowe Doescher
Published December 19, 2018 11:18pm ET
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The Fed made the right call with rate hikes
Traders at the New York Stock Exchange listen as Federal Reserve Chairman Jerome Powell is seen on a video screen giving a news conference from Washington after the Fed announced a rate increase, Wednesday, Dec. 19, 2018. | (AP Photo/Mark Lennihan)

To the ire of seemingly everyone, the Federal Reserve announced yet another rate hike today, bringing up the federal-funds rate by a quarter of a percent, to 2.25 to 2.5 percent.

The S&P plummeted. The Dow too. The president is pissed. Apparently no one from Wall Street to the White House is happy with the decision.

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Federal Reserve Finance Interest Rates Jerome Powell Trade