March 17, 2022 5:45 PM

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US Federal hikes interest rates, signals aggressive plan to curb inflation

<span style="color: #222222;">The three main U.S. stock indices and U.S. Treasury yields rose yesterday after the U.S. Federal Reserve hiked interest rates and laid out an aggressive plan for further increases to combat inflation.<br />'' <br />'' In a widely expected move, the Fed announced a quarter percentage point increase in the overnight federal funds rate, lifting that key benchmark from its near-zero level. It was the first rate increase since 2018.<br />'' <br />''<br />''The Dow Jones Industrial Average index rose 1.6 percent, the S&P 500 gained 2.2 percent and the Nasdaq Composite indices climbed 3.8 percent. </span><br />

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