✎ Contributed by Ty Griffin
The Federal Reserve kept interest rates unchanged on Thursday, holding its benchmark range at 4.25%–4.50% as officials continue to assess economic crosscurrents. While recent data showed a rare decline in U.S. worker productivity and a slowdown in GDP, markets rose on a combination of dovish Fed tone and optimism around the newly announced U.S.–U.K. trade agreement.
Performance of Major U.S. Indices
- Dow Jones Industrial Average (DJIA): 41,368.45, up 254.48 points (0.62%)
- S&P 500 Index (SPX): 5,663.94, up 32.66 points (0.58%)
- Nasdaq Composite (IXIC): 17,928.14, up 189.98 points (1.07%)
Market Impact
Chair Jerome Powell reiterated the Fed’s patient stance, noting that wage pressures appear contained and that policymakers are watching the evolving effects of tariffs and supply chain adjustments before making any future moves. Traders largely interpreted the Fed’s tone as supportive of near-term stability.
The rally was further supported by news of a U.S.–U.K. tariff reduction deal, which lifted sentiment across globally exposed sectors. Analysts see the dual catalysts—policy clarity and trade progress—as helping re-anchor investor confidence heading into the next earnings cycle.
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