Key Points For only the fourth time since the start of the century, the Fed has kicked off a rate-hiking cycle. Persistently elevated inflation demanded action from the FOMC. The Fed chair’s comments have put Wall Street, and more specifically the artificial intelligence (AI) infrastructure build-out, on notice. 10 stocks we like better than S&P 500 Index › The most anticipated Federal Open Market Committee (FOMC) meeting of the year lived up to the billing on Sept. 16. For only the fourth time since the start of the century, our nation's central bank has kicked off a rate-hiking cycle, raising the federal funds target rate by 25 basis points to a new range of 3.75%-4.00%.
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