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

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FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) as a television screen displays coverage of U.S. Federal Reserve Chairmman Janet Yellen, in New York, New York, U.S. December 16, 2015. REUTERS/Lucas Jackson/File Photo

The Federal Reserve hiked interest rates on Wednesday, raising its target federal funds rate by 25 basis points to a range of 0.75% to 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 the Minneapolis Fed governor, Neel Kashkari , voted 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.

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