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TipRanks
‘Load Up,’ Says Jim Cramer About These 2 High-Yield Dividend Stocks
The biggest news of the week is coming from the Federal Reserve. The central bank’s open market committee (FOMC), tasked with setting interest rates to match the current environment, closed its meeting with the announcement of a 75-basis point increase in the benchmark interest rate. The hike, which was the Fed’s largest single move since 1994, brings the rate to the range of 1.5% to 1.75%, and shows that the central bank is committed to fighting inflation. What will happen now is anyone’s guess
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