How have the markets reacted to inflation and Powell’s press conference?published at 21:11 BST
21:11 BST
The markets were slightly weaker afterthe Federal Reserve announced it will not change the country’s key lending rate which is at 3.5% to 3.75%.
An hour after the announcement, at 15.07 ET (20.07 BST), on Wall Street the Dow Jones Industrial Average was down 326.44 points, or 0.66%, to 48,816.71.
The S&P 500 was down 12.36 points, or 0.17%, to 7,126.36.
Meanwhile the Nasdaq Composite fell 27.29 points, or 0.12%, to
24,635.17.
At the close an hour later the Dow was down 0.55%, the S&P was down 0.03%, and the Nasdaq was up 0.02%.