Market Indicators React to Fed Rate Call and Debt Ceiling Deadline Looming

1 min read
Source: The Wall Street Journal
Market Indicators React to Fed Rate Call and Debt Ceiling Deadline Looming
Photo: The Wall Street Journal
TL;DR Summary

Government-bond yields remained steady after the Federal Reserve's decision to raise interest rates by 0.25 percentage points, which many traders believe will be the last rate hike for the foreseeable future. The benchmark 10-year Treasury yield was around 3.384%, compared with 3.438% on Tuesday.

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