(Reuters) – The New York Stock Exchange increased its progress on Wednesday, while the dollar and US bond yields widened their losses, after the monetary policy decision of the Federal Reserve (Fed) which maintained its rates at their current levels, as expected by the markets.
The American central bank unsurprisingly maintained the fed funds rate target at 5.25%-5.50% on Wednesday for the third time in a row.
At 7:10 p.m. GMT, the Dow Jones index was up 0.55%, compared to 0.6329% for the Standard & Poor’s 500.
Just before the Fed’s decision was published, the two indexes were up 0.07% and 0.08%, respectively.
The yield on the ten-year US Treasury bond fell by 11.6 bp to 4.09%, while the two-year yield fell 16.2 bp to move to 4.5688%. They stood at 4.1528% and 4.6654% respectively before the Fed’s announcement.
For its part, the dollar fell by 0.43% against the euro, to 1.0838, while it lost 0.04% before the publication of the press release from the American central bank.
Fed Chairman Jerome Powell is due to comment on the decisions of the FOMC, the monetary policy committee, and the quarterly economic forecasts, published on this occasion, during a press conference at 7:30 p.m. GMT.
(Written by Corentin Chappron, edited by Jean Terzian)
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