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US stocks ended higher after Fed statement

Janet Yellen , president of the Fed“US stocks ended higher on Wednesday after the Fed decided to leave rates unchanged, it kept a 2015 rate hike on the table” according to Fxstreet.

Despite its acknowledgement regarding “the pace of job gains slowed” and inflation which remains below its 2% target, Fed decided to stand pat on rates but kept a December rate hike on the table. With the announcement made by Fed, stocks reacted negatively and fell to session lows before bouncing to close into the green.

As per data shown by Fxstreet, “the Dow Jones Industrial Average advanced 198.09 points or 1.13 % to 17,779.52. The S&P 500 rose to 24.46 points or 1.18% to 2,090.53. The Nasdaq added 65.55 points or 1.3% to 5,095.69”.

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