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Traders work, as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE) in New York City, June 15, 2022. |
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The Federal Reserve raised the target federal funds rate by another 0.75 percentage points at the end of its two-day meeting Wednesday, in an effort to curb unrelenting inflation. The central bank has indicated even more increases are coming until inflation shows clear signs of a pullback. |
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With the Fed's latest decision out today, become a CNBC Pro subscriber and get all of the information and analysis by our Pros. |
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These stocks won big after the last three Fed rate hikes As investors prepare for another likely three-quarter point increase from the Federal Reserve on Wednesday, a glance at recent history indicates that certain stocks have been winning big on such days and could triumph again. |
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