I Can Almost Guarantee You Just Missed the Most Important Number in Fed Chair Kevin Warsh's and the FOMC's Interest Rate Decision

Key Points Kevin Warsh and his Federal Open Market Committee (FOMC) colleagues raised the federal funds target rate by 25 basis points on Sept. 16, sending Wall Street’s major indexes lower. For only the second time over the last 10 FOMC meetings, policymakers were on the same page. Although rate hikes run the risk of valuation re-ratings on Wall Street, maintaining the Fed’s credibility in the eyes of investors is more important. 10 stocks we like better than S&P 500 Index › Arguably, no decision had more bearing for Wall Street and corporate America than the Sept. 16 Federal Open Market Committee (FOMC) meeting on interest rates.