Stocks edge higher after Federal Reserve rate hike
Stocks edged up as investors digested the Federal Reserve raising interest rates by a quarter point. The central bank signalled more tightening to come as inflation remains above target.
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United States stocks edged up during Thursday morning trade following the central bank's first interest rate hike in three years. The Fed lifted the benchmark rate by a quarter point to 3.75%-4.00% and signalled further tightening ahead. The policy move aims to accelerate the return of inflation to the 2% target.
