[The Federal Reserve raised interest rates for the first time in three years, the three major U.S. stock indexes collectively closed down, and the Dow hit a new closing low since mid-June] On September 17, the Federal Reserve raised interest rates for the first time in three years. Warsh reiterated that inflation is too high and has lasted too long. The three major U.S. stock indexes collectively ended lower, with the Dow Jones Industrial Average falling 1.21%, a new closing low since mid-June; the S&P 500 Index falling 0.44%, and the Nasdaq Composite Index falling 0.01%. Cryptocurrency concept stocks generally fell, with Circle falling more than 6%, Robinhood falling more than 5%, Coinbase falling more than 4%, Bitmine falling more than 3%, and Strategy falling more than 2%. SpaceX rose more than 5%, and Musk once again signaled that Tesla and SpaceX may merge.