The smartest money moves to make now that interest rates are going up
The Fed just made its first interest-rate hike in three years, and the finances of many Americans are far from where they were the last time rates went up.
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Read MoreHow stocks are faring Thursday after federal interest rate hike
U.S. stocks climbed on the morning of Sept. 17 in the wake of a sell-off sparked by the Federal Reserve’s decision to hike interest rates.
In an effort to combat stubborn inflation, the Federal Reserve announced a 0.25% interest rate hike on Wednesday, Sept. 16, raising its benchmark interest rate into the 3.75% to 4% range.
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Read MoreAsian shares trade mixed after Wall Street falls following Fed rate hike
Asian shares were mixed on Thursday after Wall Street closed lower following the Federal Reserve’s interest rate hike decision for the first time in three years.US futures were higher.The quarter of a percentage point increase brings the Fed’s key rate to a target range of 3.75 per cent-4.00 per cent, as it attempts to control US inflation that’s been stubbornly above its target.Japan’s Nikkei 225 index was 0.2 per cent higher at 64,067.53.
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Read MoreThe price of gold today, Sept. 17, 2026 — and the best places to buy
Gold’s spot price — or its current trading value — today as of 9:00 a.m. ET is $4,364.63 per ounce, according to CNBC’s Gold/ US Dollar Spot Price. That’s slightly higher than Wednesday’s price, when it traded at $4,348.01 per ounce at the same time. Gold is a safe-haven asset that investors gravitate toward when economic and political turmoil erupts,
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Read MoreWill Rising Interest Rates Send Gold Back to Its Highs?
Gold has been rising in value in recent months, currently trading at around $4,300 per ounce. It’s nowhere near the level of more than $5,000 that it reached early on in the year, but with the Fed recently raising interest rates and plenty of uncertainty in the markets this year, it could rally again.
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Read MoreThe Burst
Is Tesla a Buy at $127 Per Share?
Tesla has been widely criticized in recent days with one hedge fund manager even predicting it will go bankrupt. Others have slammed Musk and his leadership for overseeing a larger than expected drop in deliveries. Still others see BYD as serious competition for Tesla with price rivalry threatening margins and the future of the automaker as a whole.
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Read MoreThe Ivy
Will This Buffett Favorite Skyrocket Under Trump?
Chevron (NYSE:CVX) ranks among Warren Buffett’s favorite stocks and is Berkshire Hathaway’s fifth-largest position with total exposure of $18.6 billion.
While Buffett has recently slashed some of Berkshire’s holdings, including his stake in Apple, he has only trimmed Chevron by single-digit percentages this year.
Is this Buffett favorite a buy,
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Read MoreThe Spotlight