2023-12-13 19:16:12
(Updated prices, adds analyst comment)
The New York Stock Exchange increased its progress on Wednesday, while the dollar and American bond yields widened their losses, following the monetary policy decision of the Federal Reserve (Fed) which maintained its rates at their current levels, as expected by the markets. FEDWATCH
The American central bank unsurprisingly maintained the fed funds rate target at 5.25%-5.50% on Wednesday for the third time in a row.
“Overall, this is the FOMC meeting that investors were hoping for,” commented Florian Ielpo, head of research at Lombard Odier IM.
At 8:00 p.m. GMT, the Dow Jones index .DJI was up 1.18%, compared to 1.26% for the Standard & Poor’s 500 .SPX.
Just before the Fed’s decision was published, the two indexes were up 0.07% and 0.08%, respectively.
The yield on the ten-year US Treasury bond
US10YT=RR fell 17.3 bp to 4.0334%, while the two-year US2YT=RR lost 25 bp to move to 4.4808%. They stood at 4.1528% and 4.6654% respectively before the Fed’s announcement.
For its part, the dollar fell by 0.86% once morest the euro
EUR=, at 1.0885, while it lost 0.04% before the publication of the press release from the American central bank.
(Written by Corentin Chappron, edited by Jean Terzian)
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