Stocks and exchange-traded funds that buy corporate bonds fell Wednesday afternoon after the Federal Reserve raised rates another 50 basis points and signaled its benchmark rate may peak above 5%.
... Stocks and exchange-traded funds that buy corporate bonds fell Wednesday afternoon after the Federal Reserve raised rates another 50 basis points and signaled its benchmark rate may peak above 5%. The Fed raised its benchmark rate by a half percentage point Wednesday, as widely expected by investors.
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