Reported about 13 hours ago
U.S. stocks rose on Wednesday after the Federal Reserve decided to keep interest rates unchanged and projected two rate cuts for this year, despite lower economic growth forecasts and higher inflation expectations. The Nasdaq Composite led the rally with over 1.4% gains, while both the Dow Jones and S&P 500 also finished the day higher. Fed Chair Jerome Powell commented on the uncertain economic landscape, emphasizing the transient effects of tariffs on inflation and a low likelihood of recession.
Source: YAHOO