Fed Meeting Today Live: Stocks fall after Fed hikes interest rates by 0.75 percent

Major US stock indexes fell after the Fed raised interest rates by 0.75 percentage points to tackle inflation.

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The central bank indicated that they plan to increase them, although possibly in small increments.

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Sales picked up throughout the afternoon, first after Fed Chairman Jerome Powell spoke and then after he ended.

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The Nasdaq, the center of market valuation concerns, dropped more than 3%.

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Rate hikes and expectations of the Fed "pivot" big swings in the stock and bond markets this year.

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Message from Mr. Powell Wednesday: There is no pivot immediate closure.

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Also: Remember when individual investors seemed to have an insatiable appetite for stocks?

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Cash back is now in vogue. Robinhood's earnings call after the closing -

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bell will shed more light on the state of activity among individual investors.

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