Federal Reserve Hikes Key Rate, Signals 3 More In 2018

The Federal Reserve stuck to script on Wednesday, raising its key overnight lending rate and maintaining a projection of three more rate hikes in 2018. The S&P 500 index and other major averages rose on the news.

X Ahead of the news, shares of Apple (AAPL) and Caterpillar (CAT) helped push the S&P 500 index and Dow Jones industrial average into record territory on the stock market today, thanks to Republican momentum toward finalizing tax legislation and a benign inflation report. But stocks...

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