The Federal Reserve raised its benchmark interest rate to the highest level in 15 years, indicating the fight against inflation is not over yet.

MORNING SQUAWK APAC Wednesday December 14 2022 AS OF THU, DEC 15, 2022 • 09:00 ET S&P 500 Close 3,995.32 -0.61% -24.33 S&P 500 Futures 4,041.25 +0.26% +10.50 10-Year Treasury 3.499% 0.00% -0.004 Fed raises interest rates half a point to highest level in 15 years The Federal Reserve raised its benchmark interest rate to the highest level in 15 years, indicating the fight against inflation is not over yet.   More » S&P 500 snaps 2-day winning streak after Fed raises rates and signals more hikes next year The Fed delivered a widely anticipated 50 basis point rate hike at the conclusion of its December policy meeting. More » Asia markets fall after Fed raises rates by 50 basis points, signals more hikes next year Asia-Pacific markets traded lower after the U.S. Federal Reserve raised its benchmark interest rates by 50 basis points to the highest level in 15 years. More » Morgan Stanley upgrades its 2023 growth outlook for China, expects stronger and earlier rebound  Morgan Stanley raised its outlook for China's economy in 2023 on a rebound in activity that the firm predicts will come earlier and sharper than expected. More » Spooked investors have pulled billions of dollars off Binance. Data suggests fears may be overblown In the wake of FTX, investors have been pulling billions of dollars of funds off Binance amid growing scrutiny over the crypto exchange's reserves. More » TODAY'S GUEST HIGHLIGHTS ON CNBC All times in SIN/HK 09:30 Jeremy Siegel Russell E. Palmer Professor of Finance, The Wharton School Federal Open Market Committee 11:30 Max Lin Asia FX and Rates Strategist, Credit Suisse FX 11:40 Amir Anvarzadeh Market Strategist, Asymmetric Advisors Japan Markets, Federal Open Market Committee Unsubscribe Digital Products Manage Newsletters Feedback Terms of Service Privacy Policy Join the CNBC Panel © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal.   900 Sylvan Avenue, Englewood Cliffs, NJ 07632   Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis.   Data also provided by THOMSON REUTERS