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 EMEA Thursday December 15 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 4,008.50 -0.55% -22.25 Nikkei 255 28,051.70 -0.37% -104.51 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 » U.S. and Russia make another prisoner swap; Moscow says no 'Christmas ceasefire' Ukraine's capital Kyiv woke to blasts and air raid sirens on Wednesday, while Belarus is being closely watched for any signs it is preparing for war. More » Elon Musk sells another huge chunk of Tesla shares  The transactions took place between Monday and Wednesday this week according to the filings with the Securities and Exchange Commission. 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 CET 09:00 Frederik Ducrozet  Global Strategist, Pictet Wealth Management 10:30 Thomas Jordan Chairman of Governing Board, Swiss National Bank   13:00 Valentin Marinov Head of G10 FX Research, Credit Agricole 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