Wall Street Isn’t Celebrating the Fed’s Latest Rate Hike

Wall Street Isn’t Celebrating the Fed’s Latest Rate Hike

THE SIGNAL

(Bloomberg) — Markets may have just survived the last of the most aggressive rate hikes in four decades. Few on Wall Street are celebrating.Most Read from BloombergIf Wednesday’s quarter-point hike marked the peak of the cycle in the US, as market-implied odds suggest, the prospects for risk assets look glum. That’s in sharp contrast to the prior seven tightening cycles, where the final hike has almost always driven rallies in stocks and riskier credit. The one exception came at the end of the dot-co …

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