Wall Street climbs after Fed meeting

Wall Street, which started the session timidly on Wednesday, rose sharply after accommodating statements from the US Federal Reserve (Fed), which dropped ballast on its inflation target.

At 6:20 pm GMT, its flagship index, the Dow Jones Industrial Average (DJIA) advanced 1.06%, just after the publication of the Fed press release which again promised monetary policy at low rates “for some time”. At the opening, the DJIA started more cautiously at + 0.31%.

The S&P 500 widened index gained 0.65% and the Nasdaq, which included tech stocks and had moved into the red in the morning, rose to positive territory at + 0.28%.

In its statement, the Monetary Committee (FOMC), which last met before the US presidential election, clearly promised “accommodative monetary policy” until inflation “is moderately above 2% for a while” .

Its forecast for the evolution of rates sees them around zero until the end of 2023.


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