The Federal Reserve, led by Chairman Kevin Warsh, raised interest rates for the first time in three years on Wednesday, marking an increase of 0.25%. This adjustment lays the groundwork for another potential hike in the fourth quarter of 2026.
The announcement, anticipated by Wall Street, comes amid rising long-term interest rates and growing tensions between the U.S. and Iran, which could contribute to near-term market volatility. The CNN Fear & Greed index currently sits at 28, indicating heightened fear among investors.
In other market news, Everus Construction Group (ECG), a firm focused on electrical and mechanical systems, reported a 59% increase in Q2 earnings, significantly surpassing estimates. ECG’s revenue grew by 23% in 2026, with an adjusted EPS increase of 33%, further establishing its Zacks Rank #1 (Strong Buy) status.
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