After only one day since the conclusion of this month’s FOMC meeting, not only are market participants digesting the most recent information by the Fed, they are also reacting to the information presented to them.

As anticipated, today the Federal Reserve announced an interest rate hike at the conclusion of this month’s FOMC meeting. This wil raise the benchmark rate for Fed funds from .75 % to 1 %.

The long anticipated FOMC meeting began today. It seems to be a near certainty that this meeting will result in a rate hike. This occurs as the net result of statements which have been made recently by various members of the Federal Reserve.