- The Federal Reserve delivered its first interest rate hike in three years, marking a shift to a tightening cycle.
- Treasury yields climbed above 5% following the Fed's decision.
- Oil prices surged, and the S&P 500 inched up 0.1% to close at 7,650.50 points.
Quotes
“The benchmark S&P 500 (SP500) inched up 0.1% at 7,650.50 points on Friday to close the volatile week that saw the Federal Reserve deliver its first interest rate hike in three years, Treasury yields climb above 5%, and oil prices”