Fed holds rates steady as Powell era begins
The Fed kept its benchmark rate at 1.25 to 1.5 percent and signaled gradual future hikes amid a healthier job market and economy. Powell to chair, Yellen’s era ends with cautious optimism as inflation nears 2 percent and unemployment sits at 4.1 percent.
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Janet Yellen
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Stocks rebound after brief stumble on Fed rate outlook
U S shares ended higher after a brief drop as the Fed signaled inflation may rise this year and held rates. Tech led gains with Electronic Arts surging, while health care stocks fell. Boeing posted strong results and a 52 week high as earnings beat expectations.
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