What you need to know on Wall Street today

Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. 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...