US Indices Increases After Fed Decision

US Indices Increase After Fed Decision

  In the United States, indices closed the fourth trading day of the week, with the US Federal Reserve (Fed) stabilizing policy rates. The day ended with an increase, as the United States Federal Reserve (Fed) did not revise key interest rates. In the last hours of the fourth trading day of the week, the Dow Jones index climbed above 500 points and rose 2.2 percent to 24,629.40 points. The S&P 500 index rose 2,7 percent to 2,938.59 points and the Nasdaq index increased 3,6 percent to 8,913.5 points. After the US Central Bank did not update its policy rate, the indices increased. In a statement issued by the US Central Bank today, it was decided that the policy rate should remain constant in the range of 0-0.25 percent. In the statement, it was stated that the interest rates are expected to remain constant in this range until the economy has passed for the last time and has reached its goal of the highest level of employment and price stability. On the other hand, looking at the statistics published in the United States today, the country's economy contracted by 4.8 percent in the first quarter of this year due to the impact of the coronavirus epidemic and shrank above the market estimates.