Kiplinger - Stocks Sink After Latest Fed Rate Hike

The latest Fed rate hike had plenty of Wall Street's top minds chiming in, including Jan Szilagyi, co-founder and CEO of AI-powered market analytics platform Toggle (opens in new tab). "The Fed is still in an inflation-fighting mode and chose to use the window they have – a 25 bps would not be a big shock for markets – to ratchet up the rates at the slower pace compared to 2022," Szilagyi says. "Staying the course also signaled to the market that there isn’t something ominous the Fed knows that markets may not be aware of."

Read the full article on Kiplinger.