US Fed has kept interest rates unchanged, as was widely expected. The central bank also indicated forward movement.. - NewsBlist

MARKET NEWS — US Fed has kept interest rates unchanged, as was widely expected. The central bank also indicated forward movement has been made on the inflation front, noting, "In recent months, there has been modest further progress..
The S&P 500 jumped to a record and closed above 5,400 for the first time Wednesday after the Federal Reserve's latest policy announcement and May inflation data pointed to easing pricing pressures. The broader market index climbed 0.85%, closing at 5,421.03, while the Nasdaq Composite gained 1.53%, ending at 17,608.44... cnbc.com