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Markets Surge After Fed Signal Interest-Rate Increase Still Some Time In the Future

Stocks closed sharply higher Wednesday, reversing earlier declines after Federal Reserve policy-makers signaled they were in no hurry to raise U.S. interest rates. All 10 industry sectors in the S&P 500 finished with big gains, led by energy and utility stocks after crude oil returned to positive ground following the post-Federal Open Markets Committee meeting policy statement. Financial stocks were the relative laggards, rising just 0.5% as a group as investors now see the Fed holding off until July or later before raising borrowing costs.

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Markets Surge After Fed Signal Interest-Rate Increase Still Some Time In the Future Reviewed by on . Stocks closed sharply higher Wednesday, reversing earlier declines after Federal Reserve policy-makers signaled they were in no hurry to raise U.S. interest rat Stocks closed sharply higher Wednesday, reversing earlier declines after Federal Reserve policy-makers signaled they were in no hurry to raise U.S. interest rat Rating:
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