U.S. Dollar Index Spikes Up After Fed Hikes Rates

The March U.S. Dollar Index is trading at 101.33, up 0.34. The U.S. Dollar Index is trading at session highs. Market chatter about the Federal Reserve rate decision is making the rounds. U.S. Federal Reserve's Federal Open Market Committee (FOMC) raised interest rates by 0.25 percent today. Federal Reserve Chair Janet Yellen is scheduled to hold a press conference at 2:30 p.m. ET.