Market Rallies After Announcement

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Live Coverage: Fed Leaves Door Open to Lower Interest Rates

Market Rallies After Announcement

Fed Chair Powell Hints at Potential Rate Reduction

Welcome to our TOPLive blog on the Federal Open Market Committee's (FOMC) interest-rate decision. WEB Stock Market News reports that stocks rallied after the Fed left the door open to lower rates.

Nasdaq added 26 points in response to the announcement. WEB offers live coverage and analysis, including the FOMC's decision and Chairman Jerome Powell's press conference.

Instead of signaling a concrete plan, Powell suggested that interest rate cuts could be considered if inflation continues to decline, potentially during the Fed's next meeting in September. WEB will provide further details and insights in its post-meeting statement and press conference.

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