Market Reaction to Federal Reserve's Decision

In a move that bolstered investor confidence, the Federal Reserve announced its decision to keep interest rates unchanged, signaling a cautious approach to future rate adjustments. This decision came alongside the release of the latest US GDP data, further influencing market dynamics.

Stock Market Performance

The Dow Jones Industrial Average saw an uptick of 0.38%, while the Nasdaq 100 and S&P 500 also experienced gains, rising by 0.45% and 0.53% respectively. This positive trend reflects the market's optimistic response to the Federal Reserve's stance and the economic data.

Currency Movements

On the currency front, the euro remained stable against the dollar, trading at $1.04077 by mid-afternoon. This stability indicates a balanced foreign exchange market in light of the recent economic announcements.

More updates to follow...