Legacy Thread

[basserdan]

2:00p FOMC raises fed funds interest rate to 1.75%-2%

2:00p Fed 'dot-plot' shifts to show four rate hikes in 2018 instead of three

2:00p FOMC forecasts median fed funds rate of 2.4% by year end

2:00p Fed raises rate on excess reserves by 0.20% to 1.95%

2:00p FOMC drops wording about rates being 'below levels" in long run

2:00p Treasury yields rise after Fed raises key interest rate by a quarter percentage point

2:00p 10-year yield at 2.961%; 2-year yield at 2.557%; 30-year yield at 3.091%

2:01p Financial stocks edge higher after Fed rate hike

2:01p Dollar index pares losses after Fed decision

2:01p ICE U.S. Dollar Index little changed in negative territory at 93.763

2:02p Gold futures fall back below $1,300/oz after Fed lifts key interest rate

2:02p August gold at $1,299.30/oz in electronic trade, down from $1,301.30 Comex settlement