Stocks: Nasdaq flat, S&P 500 and Dow higher following Fed rate hike announcement

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Fed Hikes Rates Half-Point as Powell Signals Similar Moves Ahead

(Bloomberg) — The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation.Most Read from BloombergRussia Seeks to Annex Occupied Ukraine as Invasion Goals ShiftAs Putin Gets Desperate, U.S. Should Remember Pearl HarborUkraine Latest: Russia Seeks to Annex Occupied TerritoryBiden’s Team Eyes $125,000 Income Cutoff for