After the announcement of the interest rate hike resolution on March 16, 2022, US stocks fell first and then reversed. The Dow rose more than 680 points in intraday trading and rose sharply in late trading. The best thing is that China Stock Exchange continued to soar after yesterday's surge. Zhihu rose by nearly 80%, shells and betta fish rose by over 60%, Pinduoduo rose by 56%, and iQiyi and Billie Billie rose by nearly 50%.

The Fed's interest rate hike means that the Federal Reserve Management Committee decided to adjust monetary policy and raise the federal funds rate after the interest rate meeting in Washington.