Stocks briefly popped but were holding onto earlier gains after the Federal Reserve kept interest rates steady and released its latest forecast for future rate cuts.<\/p>\n
Federal Open Market Committee kept its target for the federal funds rate in a range between 4.25% and 4.5%, which was widely anticipated by markets.<\/p>\n
For the rest of the year, the median forecast among officials suggest two cuts in 2025, which matches the prior forecast from March.<\/p>\n
The Dow was up 120 points, or 0.3%. The S&P 500 was up 0.2%. The Nasdaq Composite was up 0.3%. All three spiked slightly in the wake of the interest-rate decision but gave back a chunk of those gains.<\/p>\n
“Uncertainty about the economic outlook has diminished but remains elevated,” the FOMC’s statement read. “The Committee is attentive to the risks to both sides of its dual mandate.”<\/p>\n","protected":false},"excerpt":{"rendered":"Stocks briefly popped but were holding onto earlier gains after the Federal Reserve kept interest rates steady and…\n","protected":false},"author":2,"featured_media":8889,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,2441,16,15],"class_list":{"0":"post-195081","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114705818152703194","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/195081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=195081"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/195081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/8889"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=195081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=195081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=195081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}