REUTERS: Wall Street ended higher on Wednesday after the Fed predicted a fast economic recovery from the coronavirus pandemic and said it would maintain its interest rate at close to zero.
"The Fed statement today was more optimistic than some expected, they raised their outlook for both economic growth and the labor market. The market’s view of the statement is that it was fairly optimistic," said David Carter, chief investment officer at Lenox Wealth Advisors in New York.
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US travel spending fell 42per cent, down US$492 billion in 2020: industry groupAmericans spent 42per cent less on travel in 2020 as U.S. spending fell US$492 billion amid the COVID-19 pandemic, according to an industry group. $492~500b Huge bussiness model
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