Stocks Hit New Highs After Interest Rate Hike

Stocks Hit New Highs After Interest Rate Hike

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US stocks hit new highs after the Federal Reserve announced another increase to interest rates.
The interest rate hike is the third of 2017.
The Dow had a rally of almost half-a-percent, closing at 24,596, with 91-points gained on the day.
The Nasdaq gained 12 points, closing at 6,875.
The Fed bumped up the federal funds rate to a range of 1.25 to 1.50 percent.
The Open Market Committee also released their projections for 2018, which indicate the Fed plans to make three more increases to the federal funds rate next year.


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