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The Piney Point

US stocks slip after the Fed hikes interest rates and hints more increases may be on the way

US stocks slip after the Fed hikes interest rates and hints more increases may be on the way
Photo: KPRC 2 / Click2Houston (NBC) · view original

U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’s high inflation under control. The S&P 500 fell 0.4% after giving up a modest gain from earlier in the day. The Dow...

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