Financial Review

..Fed hikes rates, hints at 3 more. Zuckerberg responds to Facebook breach. No real solutions. DC pols still working on budget bill. Home sales rise, inventories tight. Financial Review by Sinclair Noe for 03-21-201   DOW – 44 = 24,682 SPX – 5 = 2711 NAS – 19 = 7345 RUT + 8 = 1579 10 Y + .03 = 2.91% OIL + .41 = 65.58 GOLD + 21 = 1332.80   The Federal Open Market Committee of the Federal Reserve increased its benchmark interest rate target range by 0.25% to a new band of 1.5%-1.75%. This move puts the effective fed funds rate at around 1.63%, the highest since September 2008. All eight voting members of the FOMC voted in favor of Wednesday’s decision.   The Fed acknowledged an upgraded outlook for the economy by including an entirely new sentence in its statement which said, “The economic outlook has strengthened in recent months.” The statement noted, however, that, “Recent data suggest that growth rates of household spending and business fixed investment have moderated from their strong fourth-quarter readin