U.S. stocks ended a choppy day higher after the Federal Reserve left its main interest rate alone, as was widely expected, but also warned about rising risks for the U.S. economy. The S&P 500 rose 0.4% Wednesday. The index is coming off a two-day losing streak that had snapped its nine-day winning run. The Dow Jones Industrial Average rose 0.7%, and the Nasdaq composite added 0.3%. Fed Chair Jerome Powell said the central bank has time to wait before making any potential moves on rates, but he warned that sustained tariffs could both weaken the economy and trigger higher inflation.
Source link
Trending
- Zohran Mamdani Defeated a Corrupt, Weak Democratic Party Establishment
- MLB star Ketel Marte in tears after fan taunts him about mother who died in car accident
- Intel leaders say new intelligence shows Iran’s nuclear sites could take “years” to rebuild
- Senators question Trump plan to kill funds for PBS, NPR and some foreign aid : NPR
- In-N-Out Burger sues YouTuber who it says posed as an employee
- Zohran Mamdani Won the Internet
- ICE detained a Marine veteran’s wife. He doesn’t know how to tell their children where she went.
- Bumble to lay off 30% of workforce as dating company moves to slash costs