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.