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Stock impact report

Stocks, Treasuries Rise, Dollar Falls on Rate Hike: Markets Wrap [Bloomberg Business News]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
U.S. stocks climbed with Treasuries and the dollar fell after the Federal Reserve increased interest rates and raised its outlook for economic growth in 2018. The S&P 500 Index immediately spiked on the Fed’s widely anticipated announcement that it was hiking rates by a quarter of a percentage point. The small-cap Russell 2000 Index remained the strongest performing equity gauge, with makers of clothing and household products driving the market higher. Treasury yields declined and gold surged as investors digested the Fed’s expectation for three rate increases next year. “Averaging through hurricane-related fluctuations, job gains have been solid, and the unemployment rate declined further,” the Federal Open Market Committee said in a statement Wednesday following a two-day meeting in Washington. Inflation will remain below the Fed’s 2 percent goal in the near term but will “stabilize” around the target in the medium term, the central bank said. Market str Show less Read more
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