US Stock Markets Experience Significant Gains

Following the Federal Reserve's announcement to keep interest rates unchanged and its indication of no immediate plans for future adjustments, major US stock indexes witnessed a substantial rise. The Dow Jones Industrial Average led the charge with an impressive increase of over 230 points.

Market Reactions and Currency Movements

By 1:32 pm ET, the Dow Jones had climbed by 0.51%, while the Nasdaq 100 and S&P 500 also saw gains, rising by 0.15% and 0.39% respectively. In the currency markets, the euro strengthened against the dollar, trading at 1.04236 by 1:33 pm ET.

Fed Chair's Perspective

Jerome Powell, the Federal Reserve Chair, emphasized a cautious approach, stating that the Fed is "not in a hurry" to make any policy decisions, reflecting a wait-and-see stance towards future economic indicators and policy directions.