WALL STREET STOCKS FELL AFTER THE FEDERAL RESERVE RAISED ITS BENCHMARK RATE BY 25 BASIS POINTS TO 3.75%–4%, MARKING ITS FIRST HIKE IN THREE YEARS.

THE S&P 500 DROPPED 0.45%, WHILE THE DOW FELL 1.2%, AS TRADERS INCREASED BETS THAT THE FED COULD DELIVER ANOTHER HIKE, WITH MONEY MARKETS PRICING ROUGHLY A 50% CHANCE OF AN OCTOBER MOVE.

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