US Stock Market Responds Positively to Fed's Decision

Following the Federal Reserve's announcement to maintain interest rates unchanged, the US stock market experienced a significant uplift. The Dow Jones Industrial Average soared by more than 230 points, marking a 0.51% increase. Similarly, the Nasdaq 100 and the S&P 500 also saw gains, with increases of 0.15% and 0.39%, respectively.

Fed Chair Jerome Powell's Remarks

Fed Chair Jerome Powell emphasized a cautious approach, stating that the Fed is "not in a hurry" to make any immediate policy changes. This statement has been interpreted by the markets as a sign of stability, further boosting investor confidence.

Euro Strengthens Against the Dollar

In the currency markets, the euro gained 0.13% against the dollar, trading at 1.04236. This movement reflects the broader market's reaction to the Fed's decision and Powell's comments, indicating a slight shift in currency dynamics.