The SPDR S&P 500 ETF Trust (NYSE:SPY) traded higher in a volatile session on Wednesday following the Federal Reserve's largest interest rate hike since 1994.
The Federal Open Market Committee opted to raise fed funds rates by 0.75% on Wednesday to a new target range of between 1.5% and 1.75%, and Fed Chair Jerome Powell said another 0.75% rate hike is on the table for the next Fed meeting in July.
