• News Desk

WALL STREET CLIMBS AFTER FED STANDS PAT ON RATES


Wall Street tallied gains on Wednesday after the U.S. Federal Reserve's decision to leave interest rates unchanged. The central bank strongly signaled it could still tighten monetary policy by the end of this year as the labor market improved further. The Fed said U.S. economic activity had picked up and job gains were "solid" in recent months. Traders generally had not expected the Fed to raise rates, with bets before the meeting of only an 18 percent chance of a hike, according to the CME FedWatch website.

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#WallStreet #fed #trades

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