Stocks surge as Fed hikes rates by 75 basis points: July 28
b'U.S. stocks surged Wednesday as investors mulled a major decision from Federal Reserve policymakers to raise interest rates by 0.75% and remarks from Chair Jerome Powell hinting the central bank may slow the pace of its rate-hiking cycle. Better-than-expected earnings from tech giants also helped lift sentiment.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'