Key Points After the Federal Reserve's latest interest rate hike, the market now thinks another one or two could be come before the year's end. Higher rates typically pressure stocks. However, some stocks have business models that perform better in a rising-rate environment. 10 stocks we like better than Visa › After much anticipation, Federal Reserve Chairman Kevin Warsh and the Federal Open Market Committee (FOMC) raised the benchmark overnight federal funds rate by a quarter point, bringing the target range to 3.75% to 4%. It was the first time in three years that the FOMC raised rates. The vote was unanimous.
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