Fed Chair Jerome Powell holds press conference after interest rate decision
The Federal Reservemaintained ultra-low interest rates and reaffirmed its commitment to other easy monetary policies as the U.S. economy faces down a pair of new threats: surging inflation and rising COVID-19 infections that prompted the CDC to reinstate a select mask mandate.
U.S. stocks attempted to regain some footing with modest gains for the S&P 500 and Nasdaq Composite while the Dow Jones Industrials remained under pressure.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 34961.87 | -96.65 | -0.28% |
| SP500 | S&P 500 | 4403.64 | +2.18 | +0.05% |
| I:COMP | NASDAQ COMPOSITE INDEX | 14750.510722 | +89.94 | +0.61% |
Chairman Jerome Powell’s press conference is set to begin at 2:30 pm ET.
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