Stock market news Fed holds steady on rates, may continue to hold through 2020
December 12, 2019
“The Federal Reserve held interest rates steady on Wednesday and messaged that it could continue to maintain rates where they are through 2020.
After cutting rates in three consecutive meetings this year, the Federal Open Market Committee elected to keep rates at the current target range between 1.5% and 1.75%.
“The Committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective,” the Fed’s statement said.” , Source Yahoo Finance
Stock market news
Stock market news move the market.The US stock market reacted the the Fed interest rate decision yeasterday closing higher, but not much.Not raising interest rates is positive for the stocks, and their valutation.In 2020 it will be a challlenge for stocks to buy, stock trading and stock investing.