Reported about 8 hours ago
US stocks saw a significant rally on Wednesday, led by the Nasdaq Composite, after the Federal Reserve decided to maintain interest rates at 4.25%-4.5% while signaling two potential cuts in the future. Analysts interpreted the Fed's dovish stance amid concerns over tariffs and inflation as positive for market sentiment. The announcement came amidst mixed economic indicators, with the Fed lowering growth projections but raising inflation expectations, as Chair Jerome Powell reiterated that the economy remains healthy despite current uncertainties.
Source: YAHOO