Yield curve flattens after Fed announcement
The Fed raised interest rates by a 0.25% (25 basis points) this afternoon, taking the target Federal Funds rate to 1.75% - 2.00%.
Read MoreThe Fed raised interest rates by a 0.25% (25 basis points) this afternoon, taking the target Federal Funds rate to 1.75% - 2.00%.
Read MoreThe Bureau of Labor Statistics (BLS) reported this morning that the May Producer Price Index (PPI) rose 3.1% year-over-year, above consensus expectations which had called for a rise of 2.8%.
Read MoreThe FOMC announcement and PPI report highlight a busy Wednesday ahead.
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