US Stock Markets Rally Following Fed's Decision to Hold Interest Rates Steady

In a significant upturn, major US stock indexes surged deeper into positive territory this Thursday. The Dow Jones Industrial Average led the charge, climbing over 230 points. This rally comes in the wake of the Federal Reserve's latest decision to maintain current interest rates, a move that has left investors speculating about the future direction of monetary policy.

Federal Reserve Chair Jerome Powell emphasized a cautious approach, stating the Fed is "not in a hurry" to make any immediate policy changes. This statement has seemingly reassured investors, contributing to the day's gains across the board.

By 1:32 pm ET, the Dow Jones had risen by 0.51%, or 230 points. The Nasdaq 100 and the S&P 500 also saw gains, increasing by 0.15% and 0.39%, respectively. In currency markets, the euro edged up 0.13% against the dollar, trading at 1.04236 at 1:33 pm ET.