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US stocks rose after the Federal Reserve kept interest rates unchanged, and President Donald Trump reportedly made comments that gave a lift to shares of chip companies https://t.co/aAGzY8nPk3 https://t.co/2TLd7faxDS
U.S. stocks ended a choppy day higher after the Federal Reserve left its main interest rate alone, as was widely expected, but also warned about rising risks for the U.S. economy. The S&P 500 rose 0.4% Wednesday. The index is coming off a two-day... https://t.co/9mte8uBkBS
US dollar on front foot after Fed signals no rush to cut rates https://t.co/xUDbRK0tZj via @Reuters https://t.co/1NhTG7K7VL
The US dollar has strengthened against major currencies including the euro, pound, yen, and Swiss franc amid ongoing China-US trade talks and Federal Reserve decisions. The dollar's appreciation has been influenced by global currency trends and a decline in copper prices following the announcement of the US-China dialogue. The Federal Reserve recently held interest rates steady, maintaining a 'wait-and-see' stance on future rate changes. This decision contributed to a choppy trading session in US stocks, which ultimately closed higher. The S&P 500 rose 0.4% following a late rally, particularly benefiting chip companies after comments from President Donald Trump. Despite the Fed's warning about rising risks to the US economy, the market showed resilience with the dollar retaining strength against its peers.
