18 Jun 2014
Wall Street making record scores on the board
FXStreet (Guatemala) - Stocks in the U.S. took the Standard & Poor’s 500 Index to record highs with markets taking a positive hint from the FOMC today.
The Standard & Poor’s 500 finished up at 1,956.98 this afternoon in New York extending daily gains. Yellen was upbeat in general and the statement that accompanied the FOMC decision to stay put with their plan was taken as optimistic in the markets.
There were a few changes in the dots, notably, with unemployment forecasts falling in the Fed’s outlook up to 2016. In relation to rates, Fed officials see the bench mark rate raising to 1.13pct by the end of 2015 and as high as 2.5% in 2016.
The Standard & Poor’s 500 finished up at 1,956.98 this afternoon in New York extending daily gains. Yellen was upbeat in general and the statement that accompanied the FOMC decision to stay put with their plan was taken as optimistic in the markets.
There were a few changes in the dots, notably, with unemployment forecasts falling in the Fed’s outlook up to 2016. In relation to rates, Fed officials see the bench mark rate raising to 1.13pct by the end of 2015 and as high as 2.5% in 2016.