Fed decision, Powell press conference: Recap
The Fed's support for the economy has helped push U.S. stocks to records
Press briefing with Federal Reserve Chair Jerome Powell
The Federal Reserve wrapped its November meeting confirming it will begin to taper stimulus to the economy starting in mid-November while also leaving the door open to alter plans should the economy shift due to the pandemic.
Additionally, on inflation, policymakers reiterated it is "transitory" caused by supply chain issues post pandemic.
U.S. stocks rallied as Fed Chairman Powell conducted and concluded his press conference.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 43444.99 | -305.87 | -0.70% |
| SP500 | S&P 500 | 5870.62 | -78.55 | -1.32% |
| I:COMP | NASDAQ COMPOSITE INDEX | 18680.120875 | -427.53 | -2.24% |
For a recap of the developments, check out FOX Business' updates here. Mobile users click here.
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