Stock market news today: Stocks rally, tech surges after Fed leaves rates unchanged

at their highest range in 22 years at the conclusion of its latest policy meeting and investors bet the central bank may be done hiking.The Fed held rates steady in a range of 5.25%-5.50% as the central bank waits to see how its aggressive credit tightening campaign filters through the US economy.

But when asked specifically about that forecast on Wednesday and if it means a hike will come in December, Fed Chair Jerome Powell was non-committal. Powell pointed to recent strong economic data, which includes the fastest rate of GDP growth in nearly two years, and noted that the current economic activity is"not indicative of a recession in the near term."In its statement on Wednesday, the Fed upgraded its assessment of the economy to “strong” in the third quarter from “solid” in September.

The Fed reiterated that future rate hikes would be contingent on the impact of previous rate hikes on the economy, lag effects and economic developments."In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook," the statement read.

TELUS, TerreStar and Skylo demonstrate Canada’s first two-way communication between smartphones and satellites

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock market news today: Stocks rise with Fed rates decision on deckInvestors are laser-focused on the Fed policy statement and Chair Jerome Powell's comments for clues to how interest rates will evolve.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market news today: Stocks rise as Fed holds rates steadyIn a move widely expected by investors, the Federal Reserve opted to hold interest rates steady at their latest meeting on Wednesday,
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market news today: US stocks look to keep up rally in countdown to FedInvestors are weighing events in the bond market for any fallout for stocks, as the Fed's meeting begins.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market news today: US stocks fall in countdown to FedInvestors are weighing events in the bond market for any fallout for stocks, as the Fed's meeting begins.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market news today: US stocks flat in countdown to FedInvestors are weighing events in the bond market for any fallout for stocks as the Fed's meeting begins.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market news today: US stocks waver in countdown to FedInvestors are weighing events in the bond market for any fallout for stocks as the Fed's meeting begins.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »