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Traders work, as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE) in New York City, June 15, 2022.

The Federal Reserve raised the target federal funds rate by another 0.75 percentage points at the end of its two-day meeting Wednesday, in an effort to curb unrelenting inflation. The central bank has indicated even more increases are coming until inflation shows clear signs of a pullback.

With the Fed's latest decision out today, become a CNBC Pro subscriber and get all of the information and analysis by our Pros.

The Fed in the news...

These stocks won big after the last three Fed rate hikes

As investors prepare for another likely three-quarter point increase from the Federal Reserve on Wednesday, a glance at recent history indicates that certain stocks have been winning big on such days and could triumph again.

BlackRock’s Rieder says the Fed may hike three more times and then stop

BlackRock’s Rick Rieder said he expects the Federal Reserve to raise rates by three quarters of a point Wednesday and then possibly hike two more times before halting.

The stock market is liking Fed rate hikes this year, unlike in the past

Rate hikes have not been so scary for markets in 2022. In fact, Wall Street appears to be cheering an aggressive Federal Reserve, at least in the short term.

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