US markets rose after the interest rate decision from the Federal Reserve on Wednesday.
Dow Jones ended up 0.17 percent to 17,935.14, the S & amp; P 500 rose 0.20 percent to 2100.40 while the Nasdaq gained 0.18 percent to 5,064.88.
Held rate unchanged
The Board of Governors of the US Federal Reserve held As expected, the interest rate unchanged.
Thus, surprised not Governor Janet Yellen anyone.
More importantly, the Committee does not provide many clues to when the first increment in nine years may come. On previous monetary policy meeting, the central bank on several occasions given clear indications of what the future may bring.
Despite the fact that today’s decision was not unexpected, it is not long ago there was broad acceptance that an interest-rate hike could come in June. Now is September likely to be the earliest opportunity.
Thus clarifies the Fed that the current outlook for when a rate hike could come is maintained and that a steering interest rates in the range 0 to 0.25 percent still considered correct.
The central bank is still waiting for the maximum utilization of labor and price stability with an inflation target of two percent, before a rate hike could come.
The minutes can be found here!
Duo fell after figures
Among individual stocks fell FedEx 2.96 percent to $ 176.73 after submitted disappointing quarterly results.
Adobe Systems fell 2.54 percent to $ 77.91 after the company presented its quarterly report after the close yesterday. The company behind including Photoshop presented weak outlook for Q2.
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