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Stocks climb after Fed says rates may stay low for longer - Black News Channel

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By Stan Choe and Damian J. Troise AP Business Writers NEW YORK (AP) — Stocks are pushing further into record heights in afternoon trading on Wall Street Thursday after the Federal Reserve made a major overhaul to its strategy, one that could keep interest rates low for longer. The S&P 500 was 0.5% higher, after veering through a jumbled day of trading. Prices for stocks, bonds and gold all made several U-turns after Fed Chair Jerome Powell gave a highly anticipated speech. In it, he essentially said the Fed may continue efforts to prop up the economy even if inflation […]

The post Stocks climb after Fed says rates may stay low for longer appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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