Market Snapshot: Dow advances for 13th session to log longest winning streak since 1987 after Fed raises rates to 22-year high

by | Jul 26, 2023 | Stock Market

U.S. stock indexes finished mostly higher on Wednesday with the Dow Jones Industrial Average extending its winning streak to 13 sessions following the Federal Reserve decision to raise interest rates by 25 basis points to a range of 5.25% to 5.5%, the highest level in 22 years, as expected. At his press conference Fed chair Powell said future interest rate decisions will be taken “meeting-to-meeting,” while emphasizing that upcoming moves will depend on economic data released between now and their next policy meeting in September….

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