Wall Street: US markets higher on day after interest rate decision
One reason for the improved mood is likely to be the falling oil prices. After the Fed's interest rate decision, investors can turn their attention to other topics again.
US stock markets are showing optimism on Thursday, with the Dow Jones up 0.5% to 51,748 points, the S&P 500 up 1.1% to 7,633 points, and the Nasdaq Composite up 1.6% to 26,402 points. The Federal Reserve had raised the interest rate by 25 basis points to 3.75-4.00% on Wednesday, as expected, which was its first rate hike in three years.
The Fed's "Dot Plot" projections suggest that 12 of 19 policymakers expect at least one more rate hike by the end of the year, with four expecting two more hikes. The inflation rate was 3.4% in August, and Fed Chair Kevin Warsh cited it as a problem.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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