Materials Down After Fed Rate Hike

Dow Jones
2 hours ago

Producers of metals, grains and other raw materials declined after the Federal Reserve raised rates for the first time in three years.

The Fed hiked its benchmark rate by a quarter of a percentage point to a range between 3.75% and 4%.

Most officials penciled in at least one more rate hike this year on the "dot plot" of projections.

Gold futures fell in late trading after the Fed decision.

 

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