LIVE Updates: Federal Reserve decision, Powell Q&A
Investors eye Fed's comments on inflation, interest rates
Federal Reserve keeps rates near zero
FOX Business’ Edward Lawrence breaks down the Fed’s latest rate decision.
U.S. stocks seesawed after the Federal Reserve left interest rates near zero and as Chairman Jerome Powell addressed the financial markets.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 44296.51 | +426.16 | +0.97% |
| SP500 | S&P 500 | 5969.34 | +20.63 | +0.35% |
| I:COMP | NASDAQ COMPOSITE INDEX | 19003.651134 | +31.23 | +0.16% |
Policymakers did note, despite the ongoing vaccine rollout, the virus remains a wildcard. "The ongoing public health crisis continues to weigh on the economy, and risks to the economic outlook remain" the statement read.
Read a recap of the Fed's press conference and Powell's take on the economy, inflation, jobs, and much more in the FOX Business Blog. Mobile users click here.
CLICK HERE TO READ MORE ON FOX BUSINESS