WASHINGTON (dpa-AFX) - After an early rally on tamer than expected consumer price inflation data, stocks saw some volatility following the Federal Reserve's monetary policy announcement but still
After an early rally on tamer than expected consumer price inflation data, stocks saw some volatility following the Federal Reserve's monetary policy announcement but still managed to end Wednesday's trading mostly higher.
Treasuries moved sharply higher during trading on Wednesday, as traders reacted to a closely watched report on consumer price inflation. Bond prices pulled back off their highs following the Federal Reserve's monetary policy announcement but remained firmly positive.
U S Stocks Close Mostly Higher Following Inflation Data, Fed Announcement forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
While announcing its widely expected decision to leave interest rates unchanged on Wednesday, the Federal Reserve also revealed officials now expect only one interest rate cut this year.