Stock market today: Indexes mixed after Fed meeting as Powell calms nerves over possible hike [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: Yahoo! Finance
Markets had become jittery about the potential for even higher rates as inflation remains high. US stocks were mixed Wednesday as the Federal Reserve calmed the market's fears over a potential rate hike at the conclusion of its latest policy meeting. After an initial burst of enthusiasm that saw the Dow jump by about 500 points, stocks gave back most gains, with the S&P 500 and the Nasdaq Composite ending lower for the day. Fed officials chose to keep interest rates unchanged, in line with the market's expectations. Central bankers don't expect to cut rates until they have greater confidence inflation is moving closer to the Fed's 2% price target, according to a Fed statement released Wednesday afternoon. In prepared remarks, Powell noted that high prices have eased "substantially" in the economy, while the job market has continued to hold up. "But inflation is still too high. Further progress in bringing it down is not assured, and the path forward is uncertain," he added,
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