Here’s what’s been happening on Wall Street overnight

Mark Zuckerberg at a tech and media conference in Sun Valley, Idaho. Getty Images

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The Federal Reserve on Wednesday announced it decided to raise interest rates, and steepened its outlook for hikes in 2019 and 2020.

After a two-day meeting, the Federal Open Market Committee voted to increase its benchmark Fed funds rate by 25 basis points to a range of 1.50% to 1.75%. It was the sixth rate increase since late-2015, as America’s central bank backed further away from emergency policies that helped heal the economy after the Great Recession a decade ago.

Here’s the latest:

In other news, a feature on Robinhood’s new web platform raises questions about the strength of its user base. Wall Street’s biggest bull wants to dispel a major misconception about the stock market. And the stock market is doing something not seen since the financial crisis – and it means huge opportunities ahead.

And here’s the latest in Facebook news:
Elsewhere in tech news: