U.S. Stocks Fall After Fed Raises Key Interest Rate
episodeTranscript
jump: chapters · find in transcriptTranscript
Transcript generated automatically by AI and may contain errors.
Why did the Fed’s rate hike cause U.S. stocks to tumble?
This podcast is brought to you by Altana AI. What if you could see your entire supply chain, every tier, every supplier, every origin, and verify compliance before goods ever ship? That's Altana, the Network for Trusted Trade. AI that monitors continuously, product passports that prove origin, process, and compliance. Trust that actually travels with the goods. Faster shipments, lower costs, resilience built in.
How did the Fed’s decision affect major indexes and Treasury yields?
Trust moves trade. Altana makes it possible. Learn more at altana.a. AI.
Here's your closing bell brief for Wednesday, September sixteenth. I'm Julie Chang for the Wall Street Journal.
What triggered the sell‑off in cryptocurrency stocks like Coinbase?
US stocks fell today after the Federal Reserve raised interest rates for the first time since twenty twenty three.
The plain fact is that inflation is too high and has been for too long.
That was Fed Chairman Kevin Walsh after the unanimous twelve to zero decision to raise rates by a quarter percentage point to curb inflation. The Dow fell by more than one percent, the SP five hundred slipped half a percent while the Nasdaq barely moved. The indices all fell for the seventh time in the last eight trading days. Meanwhile, the ten year Treasury yield rose back above five percent, ending the day there for the first time in nineteen years.
Why did AI‑linked stocks such as Intel rebound after the decline?
Among individual companies, cryptocurrency firms faced new selling pressure today. Shares of Coinbase Global fell over four percent, and shares of Strategy closed down more than two and a half percent. The losses followed the Senate's failure to pass the Clarity Act, a sweeping crypto bill that would have helped usher digital assets into the mainstream financial system. Intel's shares rose four percent. Those gains came as AI linked stocks recovered from recent losses, and shares of the Australia listed plumbing supplies manufacturer, Reliance Worldwide, are up more than three percent after Brookfield Asset Management agreed to acquire it in an all cash deal. Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.
How is Brookfield’s cash acquisition of Reliance Worldwide influencing the market?
We'll have more coverage of the day's news on the WSJ's What's News podcast. Listen and subscribe wherever you get your podcasts.
This episode is brought to you by Hard Lessons, a podcast from Morgan Stanley. Some investing lessons only become clear after you see how a call plays out. On Hard Lessons, iconic investors sit down with Morgan Stanley leaders to go behind the scenes on the critical moments, both successes and setbacks that shaped who they are today. Watch or listen to Hard Lessons wherever you get your podcasts.
No segments match your search.
Select any passage to copy it with its citation or turn it into a shareable card.
Chapters
5 chapters
1
Why did the Fed’s rate hike cause U.S. stocks to tumble?
0:00–0:23
2
How did the Fed’s decision affect major indexes and Treasury yields?
0:23–0:39
3
What triggered the sell‑off in cryptocurrency stocks like Coinbase?
0:39–1:21
4
Why did AI‑linked stocks such as Intel rebound after the decline?
1:21–2:12
5
How is Brookfield’s cash acquisition of Reliance Worldwide influencing the market?
2:12–2:44