Fed Raises Rates, Yields Hit 2007 Highs as Fuel Costs Set Records: This Week On Wall Street
The Fed hiked for the first time since 2023; the 10-year yield touched 5.04%, and record diesel prices hit truckers and automakers.
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Shares of automakers are trading lower. Investors may be assessing reports suggesting that the Alliance for Automotive Innovation requested that President Trump bar Chinese carmakers from establishing production in the U.S., which the President said last week he may allow.
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