Stocks Rise After Fed Keeps Rates Steady
From Dow Jones & Company: 2025-03-19 14:08:00
The stock market surged after the Federal Open Market Committee decided to maintain interest rates at its March meeting. The Dow Jones Industrial Average rose by 202 points, the S&P 500 by 0.7%, and the Nasdaq Composite by 1.1%. Traders anticipated the decision to keep the federal funds rate steady between 4.25% and 4.5%. Wall Street eagerly awaits Fed Chair Jerome Powell’s press conference at 2:30 p.m. ET.
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