Here's what 9 Wall Street gurus think about the Fed's rate hike

The Federal Reserve hiked interest rates on Wednesday, raising its target federal funds rate by 25 basis points to 0.75%-1.0%.

The rate hike is seen as a vote of confidence in the US economy, which has witnessed increasing inflation and job growth.

All of the members of the Federal Open Market Committee, except for Minneapolis Fed Governor Neel Kashkarivoted in favor of a rate hike.

Here's a roundup of reactions from Wall Street firms following Wednesday's decision.

This is an opinion column. The thoughts expressed are those of the author.