LIVE Updates: Federal Reserve decision, Powell Q&A
Investors eye Fed's comments on inflation, interest rates
U.S. stocks seesawed after the Federal Reserve left interest rates near zero and as Chairman Jerome Powell addressed the financial markets.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 42512 | +431.63 | +1.03% |
SP500 | S&P 500 | 5792.04 | +40.91 | +0.71% |
I:COMP | NASDAQ COMPOSITE INDEX | 18291.617435 | +108.70 | +0.60% |
Policymakers did note, despite the ongoing vaccine rollout, the virus remains a wildcard. "The ongoing public health crisis continues to weigh on the economy, and risks to the economic outlook remain" the statement read.
Read a recap of the Fed's press conference and Powell's take on the economy, inflation, jobs, and much more in the FOX Business Blog. Mobile users click here.
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