US stocks rally after 'unusually large' interest rate rise

WALL Street rose overnight after the US Federal Reserve lifted interest rates by 75 basis points, the largest rise in about 25 years.

US stocks rally after 'unusually large' interest rate rise US stocks rally after 'unusually large' interest rate rise US stocks rally after 'unusually large' interest rate rise US stocks rally after 'unusually large' interest rate rise US stocks rally after 'unusually large' interest rate rise

Jerome Powell speaking to reporters today

"Over coming months, we will be looking for compelling evidence that inflation is moving down, consistent with inflation returning to 2%," Fed chair Jerome Powell told reporters.

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