The Federal Reserve approved a quarter-percentage-point interest-rate increase and signaled plans to raise rates again next month to continue lowering inflation.
The decision Wednesday followed six consecutive larger rate rises, including an increase of a half point in December and 0.75 point in November.
Stocks
DJIA,
SPX,
were lower prior to the Fed statement. The yield on the 10-year Treasury note
TMUBMUSD10Y,
was down slightly to 3.47%.