American stocks witnessed a slight increase in volatile trading, on Wednesday, after the Federal Reserve decision, to keep the interest rates fixed, which was widespread.
In its statement, the Central Bank indicated that “the unemployment rate is still low, and the conditions of the labor market are still strong. While inflation is still a little high. ” The decision was divided, as two conservatives objected, and the statement did not provide clear visions on the date of reducing interest.
The stocks increased modestly before the Federal Reserve statement, as investors were holding the first reading of economic growth in the second quarter, which came stronger than expected, but the basic details indicated an economy that might lose its strength.
“Maybe the federal reserve if he had waited until next Wednesday to hold this meeting, to be able to consider employment numbers.” He added, “It seems very similar to last year, as they wished retroactively if they were reduced in July, so they reduced compensation in September.”
The Dow Jones Industrial Index increased by 14.93 points, or 0.03 percent, to 44647.92 points. The Standard & Poor’s 500 index also increased by 13.50 points, or 0.21 percent, to 6384.14 points, and the Nasdaq complex index made gains of 85.95 points, or 0.41 percent, to close at 21184.57 points.
The returns of US Treasury bonds reduced their height on Wednesday. The returns of American bonds for 10 years increased in the last time by 1.6 basis points at 4.344 percent, while the bond returns, which reflects interest rate expectations, settled at 3,873 percent.
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