US bourses rose on the Fed’s decision and comments on the key rate

The main US stock indices reacted with growth to the results of the Fed meeting and comments of the central bank's representatives. On Wednesday, the regulator refrained from raising the key rate, leaving it at the level of 5.25% - 5.5%, which coincided with the expectations of market participants. The optimism was strengthened by the fact that the members of the Federal Reserve confirmed plans to move to a rate cut this year - if inflation continues to decline, three cuts of 25 basis points are expected, reports Business Insider.

Players expect the first cut by summer - according to the CME FedWatch tool, the estimated probability of it happening before the end of June is 73%.

Fed chief Jerome Powell on Wednesday reiterated his determination to bring inflation back to the 2% target and noted progress in its decline.

At the end of trading, the S&P 500 soared to a new all-time record, surpassing 5,200 points and adding 0.89%. The Dow Jones rose by 1.03% and the Nasdaq by 1.25%.