@King0ftheCharts Ron, could this be a corrective wave (C) within wave 2 of the larger wave 5, or is it still part of a larger wave 4 that will form its own wave C?
Fed increases rates a quarter point and signals a potential end to hikes.
The central bank's move pushed its benchmark policy rate, the fed funds rate, to a new range of 5%-5.25%, the highest since September 2007.
The Fed said future rate hikes would be contingent on the impact of previous rate hikes on the economy and financial developments.