The Federal Reserve maintained ultra-low interest rates and reaffirmed its commitment to other easy monetary policies as the U.S. economy faces down a pair of new threats: surging inflation and rising COVID-19 infections that prompted the CDC to reinstate a select mask mandate.
U.S. stocks ended the session with the Dow Jones Industrial Average falling below the 35,000 level while the S&P 500 ended little changed. The Nasdaq Composite rose helped in part by strong tech results from the likes of Google which hit a fresh record.
|I:DJI||DOW JONES AVERAGES||34584.88||-166.44||-0.48%|
|I:COMP||NASDAQ COMPOSITE INDEX||15043.967518||-137.96||-0.91%|
Chairman Jerome Powell's press conference tackled the emerging COVID-19 Delta variant, inflationary trends, and the ongoing debate about the timing of tapering.
FOX Business' LIVE Blog below, monitored the developments and market reaction. Mobile users click here.