Overview

• The Federal Reserve raised rates by only 0.25% despite high inflation, sparking a tech stock rally.
• Investors cheered the Fed's lower-than-expected rate hike as a sign it may slow its aggressive tightening.
• Stocks like Tesla, chipmakers, and cloud software companies saw big gains on the news.
• Analysts cited Tesla's AI potential and the shift to digital as reasons for tech's rebound.
• But oil prices have continued climbing, keeping inflation elevated.