Fed Powell’s press conference, Q&A: LIVE Updates

FAN Editor

The Federal Reserve left rates unchanged at the conclusion of the September meeting but did give a fresh set of clues on tapering, inflation and when rate hikes will begin. 

Stock investors celebrated the outlook which detailed rate hikes could begin in 2022 with at least one hike. As for tapering the timing remains murky and their view on inflation more clear. Policymakers lifted projections for prices to 4.2% but they expect that to abate by 2020 to 2.2%.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 34280.04 +360.20 +1.06%
SP500 S&P 500 4394.06 +39.87 +0.92%
I:COMP NASDAQ COMPOSITE INDEX 14870.60344 +124.21 +0.84%

Follow Fed Chairman Powell’s press conference and the Q&A here on FOX Business LIVE Updates. Mobile users click here.

CLICK HERE TO READ MORE ON FOX BUSINESS

Free America Network Articles

Leave a Reply

Next Post

Republicans dig in on debt limit

Republican Senators said Wednesday that they will not help address the debt limit as the United States barrels toward default, an unprecedented situation that experts warn would plunge the United States into a financial crisis.  Democrats tied the debt limit suspension to a short-term budget bill to keep the government […]