Clean message from the US Federal Reserve gave oil and stock market rally Wednesday.
WTI oil rose 5.83 percent to $ 38.46 a barrel, while Brent oil was up 3.95 percent to $ 40.27 a barrel.
Dow Jones ended thus up 0.43 percent to 17,325.76, the S & amp; P 500 rose 0.56 percent to 2,027.22, while the Nasdaq gained 0 , 75 percent to 4763.97.
Governor Janet Yellen and Federal Reserve keeps key rate unchanged.
Meanwhile, cut the central bank outlook for the further increase in key interest rates this year. The central bank now seeing two hikes opposed to four previously, writes CNBC.
According clean modest Wednesday night, developments in the US economy continued at a moderate pace, despite developments globally in recent months, since the last monetary policy meeting in January.
the central bank pointed out that several economic indicators, including strong job figures, shows strengthening of the labor market. Inflation has also picked up, although it is still below the Fed’s long-term goal of two percent. The latter is justified by falling energy prices and prices of other imports.
Also, consumer spending and the housing market shows positive signs.
Given the container central bank view that the policy rate should lie in the interval 0.25 to 0.50 percent.
unchanged interest rates is fully in line with expectations. A rate hike now would have shocked analysts and investors, after a troubled start to 2016.
Only four of 97 asked economists expected interest rate increase at today’s meeting, according to estimates gathered by Bloomberg News.
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