Stock Market Today: Stocks Sink After Latest Fed Rate Hike

The major indexes sold off sharply Wednesday even amid signs the Fed's rate-hike campaign could be nearing an end.

Federal Reserve seal
(Image credit: OLIVIER DOULIERY/Getty Images)

Stocks bounced between positive and negative territory for most of Wednesday as investors anxiously awaited this afternoon's policy decision from the Federal Reserve. 

But the major indexes made a beeline lower after the Fed increased interest rates by 0.25%, even as the central bank indicated that rate hikes could be coming to an end. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.