US Stock Markets Rally Following Federal Reserve's Decision

In a significant turn of events, major US stock indexes have seen a notable increase, with the Dow Jones Industrial Average climbing over 230 points. This surge comes in the wake of the Federal Reserve's recent announcement to keep interest rates unchanged, a decision that has been met with optimism by investors and market analysts alike.

At 1:32 pm ET, the Dow Jones was up by 0.51%, marking a 230-point increase. Similarly, the Nasdaq 100 and the S&P 500 also experienced gains, rising by 0.15% and 0.39% respectively. In the currency markets, the euro saw a slight increase against the dollar, trading at 1.04236 at 1:33 pm ET.

Federal Reserve Chair Jerome Powell emphasized a cautious approach towards future policy decisions, stating that the Fed is "not in a hurry" to make any immediate changes. This stance has been interpreted as a sign of stability and confidence in the current economic environment, further fueling the market's positive momentum.