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The Piney Point

The bond market swings, but US stocks remain steady after the Fed says it won't raise interest rates

The bond market swings, but US stocks remain steady after the Fed says it won't raise interest rates
Photo: KPRC 2 / Click2Houston (NBC) · view original

The bond market swung, while U.S. stocks held relatively steady after the Federal Reserve decided not to raise its main interest rate to bring down high inflation. The S&P 500 rose 0.3% Wednesday. The Dow Jones Industrial Average added 0.2%, and the Nasdaq composite rose 0.3%. In the bond market,...

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