Fed Raises Benchmark Interest Rate by 25 Basis Points

“I’d say that the market is not going to react to the rate hike but will likely react very sharply to anything said in the statement or more likely, the press conference, that indicates a change in the quantitative easing exit schedule or the start of quantitative tightening,“ said Bob Iaccino, chief strategist at Path Trading Partners and co-portfolio manager at Stock Think Tank.