All three major US stock indexes closed lower, with the Dow Jones hitting its lowest since mid-June.

The Federal Reserve has raised interest rates for the first time in 3 years, with Waller reiterating that inflation is too high and has lasted too long. All three major US stock indexes closed lower: the Dow Jones fell 1.21%, hitting its lowest closing level since mid-June; the S&P 500 fell 0.44%; the Nasdaq fell 0.01%. Crypto-related stocks generally declined, with Circle down over 6%, Robinhood down over 5%, Coinbase down over 4%, Bitmine down over 3%, and Strategy down over 2%. SpaceX rose more than 5%. Musk once again hinted that Tesla and SpaceX may merge.