On Wednesday, the Fed announced a 25bps rate hike but still not give clear attitude toward pausing rake hike. The major indexes closed with slight drop.There are some companies experienced roller coaster ride after the earnings release. You can find the stocks that rose or fell most in "Movers & Shakers" on Tiger Trade app.In this article, we gonna brief 5 companies: $Bio-Techne(TECH)$ , $Eli Lilly(LLY)$ , $Estee Lauder(EL)$ , $Starbucks(SBUX)$, $Qu
In a widely anticipated move, the US Federal Reserve raised interest rates for the 10th time in just over a year. The Fed fund rate now stands at a target range of 5%-5.25%, which is the highest it has been since August 2007.Source: Bloomberg During the news conference that followed the meeting, Chairman Jerome Powell confirmed that "a decision on a pause was not made today." This is despite the omission of a sentence stating that “the Committee anticipates that some additional policy firming may be appropriate." It appears that the Fed has finally reached the terminal rates it had set out to achieve. S&P 500 & Nasdaq Index, Source: Bloomberg The bond markets initially priced a rate hike in the June Fed meeting. However, the sentiment soon changed into a likely rate pause