Fed Rate Hike Brings Bittersweet Relief to Markets The Federal Reserve's decision to raise interest rates for the first time in three years has brought a mix of relief and unease to financial markets.
The move aims to combat inflation concerns that have been plaguing investors, but it also threatens to curb economic growth.
Oil prices, which had been volatile in recent weeks, edged lower after US Energy Secretary Chris Wright announced Saudi Arabia's East West pipeline would soon be restored.