Stock Market Today, Sept. 16: Stocks Slip as Fed Raises Rates

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InnovateX Securities expects Thai stocks to fluctuate and consolidate today, with a short-term recovery possible, after the Fed raised interest rates by 0.25% as expected by the market, but signaled a possible another rate hike this year. Support levels are at 1,555-1,550 points, and resistance levels are at 1,575-1,580 points. They recommend selective stock picking, highlighting BCH and KTB as top picks. (Original news article: Thai stocks pois…

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Stock market experts believe that since the beginning of September, the market has already reacted to the news of the Fed raising interest rates.