Market

US Stock Markets Rally as Federal Reserve Holds Interest Rates Steady

Market Optimism Rises Following Fed's Decision

In a move that buoyed investor sentiment, the Federal Reserve announced its decision to keep interest rates unchanged, signaling a cautious approach towards future rate adjustments. This decision came as a relief to many, especially in light of the latest US GDP data which showed a 2.3% growth in the fourth quarter of 2024.

Stock Market Performance

Reflecting the positive market reaction, the Dow Jones Industrial Average climbed by 0.38%, while the Nasdaq 100 and the S&P 500 saw increases of 0.45% and 0.53%, respectively. This uptick underscores the market's optimistic outlook following the Fed's announcement.

Currency Movements

On the currency front, the euro remained stable against the dollar, with the exchange rate standing at $1.04077 at 3:28 pm ET, indicating a balanced response from the forex markets to the day's developments.

More updates to follow as the situation evolves...