The stock exchanges in New York took a sharp rally on Wednesday after the minutes of the monetary policy meeting of the Federal Reserve gave a hint that the policy rate will remain near zero for the foreseeable future.
– Fed tells us that if they increase the policy rate, it is based on a strong economy, says John Canally at LPL Financial Corp. Bloomberg.
Thus, the S & amp; P 500 by 1.75 percent to 1,968.89 – and thus got its biggest one-day rally in a year.
Dow Jones got on his side his best day so far this year, with an upturn of 1.64 percent to 16,994.22.
Nasdaq rose 1.90 percent to 4,468.59.
– The minutes from the monetary policy meeting showing that the Fed is still worried about slower global growth. That means they are not going to raise its key interest rate at first. We know it will happen sooner or later, but today Minutes gives reason to believe that an increase will come later, rather than before, says Ryan Detrick in Seeitmarket to CNBC.
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