ETFs Slip as Federal Reserve Hikes Interest Rate
June 13, 2018 at 14:40 PM EDT
Stock and bond ETFs slipped on Wednesday as the Federal Reserve announced another moderate rate hike and stated its intent to raise rates two more times later this year. Following the Fed’s announcement mid-Wednesday, the iShares 7-10 Year Treasury Bond ETF (NASDAQ: IEF) dipped 0.2% and the...