US Stocks Surge Following Federal Reserve's Decision

In a significant move, the Federal Reserve decided to keep interest rates unchanged, signaling a cautious approach towards any future rate adjustments. This decision has positively impacted the US stock markets, with major indices closing higher on Thursday.

Market Reaction and Economic Indicators

Investors and traders closely monitored the Federal Reserve's announcement, alongside the latest US GDP data, which showed the economy grew by 2.3% in the fourth quarter of 2024. The Dow Jones, Nasdaq 100, and S&P 500 all saw gains, reflecting the market's optimistic response to the economic indicators and the Fed's stance.

Currency Movements

On the currency front, the euro remained stable against the dollar, trading at $1.04077 at 3:28 pm ET, indicating a steady foreign exchange market amidst the domestic economic developments.

More updates to follow as the situation evolves...