Fed Holds Rate (Market Trading)
December 12, 2019•83 words
#fed #rates #DOW
Wall Street closed modestly in the green, as the Federal Reserve held the benchmark interest rate unchanged at 1.50%-1.75% and signaled steadiness for some time. The central bank said moderate economic growth and low unemployment are expected for 2020, and that it will continue monitoring “global developments” ahead. The Dow Jones gained 29 points or 0.1% to 27911. The S&P 500 added 9 points or 0.3% to 3142. The Nasdaq climbed 38 points or 0.4% to 8654.