NEW YORK  – Global shares were mostly flat while U.S. yields fell on Wednesday after the Federal Reserve delivered its 11th consecutive hike in interest rates aimed at reining in rising consumer prices. The rate hike, which was in line market expectations, took the benchmark overnight interest rate to between 5.25 percent and 5.5 percent – the highest level since around the global financial crisis in 2007-2009. The Fed also left open the door for more rate hikes, stating that it would keep studying economic data as it determines 'the extent of additional policy firming that may be appropriate' to reach its 2 percent inflation target.

https://business.inquirer.net/412496/global-shares-flat-us-yields-fall-after-fed-delivers-rate-hike

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