ETF Managers Group Bond Market Expert Bryce Doty in MarketWatch

Dow surges 900 points, books best day since 2020, after Fed takes 3/4-point rate hikes off table

U.S. stocks end sharply higher, after the Federal Reserve delivered the first 50-basis-point interest rate hike since 2000, but said larger 75-basis-point increases weren’t in play.

The Fed also outlined plans to reduce its near $9 trillion balance sheet.

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