IGI Logo

Below The Quote On Federal Reserve's Rate Announcement and Stock Trends By Viram Shah, Co-founder & CEO, Vested Finance

he Federal Reserve has raised interest rates by a quarter-point, moving the benchmark lending rate to a range of 5.25% to 5.50%, the highest level since 2001. This increase didn't surprise investors who had already priced in the likelihood of such a move. The major U.S. stock indexes reacted mixedly to this announcement. The future actions of the Fed, particularly in their next meeting in September, are dependent on the economic data. 

Investor sentiment remains largely unchanged, with continued interest in tech stocks evident from sustained trading volumes and values. In terms of individual stocks, there has been a resurgence in interest towards Alibaba and Coinbase. Furthermore, LVMH has also attracted attention following its strong Q2 results. Despite a decline in its stock price of LVMH, the high buying volume indicates that investors have expressed increased interest in this particular stock.

Above views are of the author and not of the website kindly read disclaimer