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 | 34981.54 | -76.98 | -0.22% |
| SP500 | S&P 500 | 4409.07 | +7.61 | +0.17% |
| I:COMP | NASDAQ COMPOSITE INDEX | 14791.052478 | +130.48 | +0.89% |
Chairman Jerome Powell's press conference is underway.
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