Fed decision, Powell press conference: Recap

The Fed's support for the economy has helped push U.S. stocks to records

The Federal Reserve wrapped its November meeting confirming it will begin to taper stimulus to the economy starting in mid-November while also leaving the door open to alter plans should the economy shift due to the pandemic. 

Additionally, on inflation, policymakers reiterated it is "transitory" caused by supply chain issues post pandemic. 

U.S. stocks rallied as Fed Chairman Powell conducted and concluded his press conference. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34899.34 -905.04 -2.53%
SP500 S&P 500 4594.62 -106.84 -2.27%
I:COMP NASDAQ COMPOSITE INDEX 15491.656804 -353.57 -2.23%

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