Wednesday, 1 February 2023

Fed raises rates a quarter point, expects 'ongoing' increases

MORNING SQUAWK

APAC

Wednesday February 01 2023

AS OF THU, FEB 02, 2023 • 09:15 ET

S&P 500 Close		4,119.21
		+1.05%	+42.61

S&P 500 Futures		4,149.00
		+0.41%	+16.75

10-Year Treasury		3.418%
		0.00%	+0.02

Fed raises rates a quarter point, expects 'ongoing' increases

The Federal Reserve on Wednesday released its decision on interest rates following its two-day meeting.

Gautam Adani calls off $2.5 billion equity sale as regulatory concerns grow

Shares of Adani Enterprise were routed in the aftermath of a report from short-seller Hindenburg Research

Meta shares soar almost 20% on fourth-quarter revenue beat

Facebook-parent Meta reported revenue for the fourth quarter that topped estimates and gave a forecast suggesting that sales could rise in the first quarter.

S&P 500 closes higher on Wednesday, Nasdaq adds 2% as investors look past Fed's rate hike

Investors assessed a quarter-point rate hike from the Federal Reserve at the conclusion of its latest policy meeting.

How the Fed managed to spark a stock market rally while sticking to tough talk on interest rates

Fed Chairman Jerome Powell talked tough Wednesday, promising more rate hikes, but he also let slip a few dovish comments that sent stocks sharply higher.