Fed decision, Powell press conference: LIVE Updates
Press briefing with Federal Reserve Chair Jerome Powell
The Federal Reserve wrapped its November meeting confirming it will begin to taper stimulus to the economy starting in mid-November while also leaving the door open to alter plans should the economy shift due to the pandemic.
Additionally, on inflation, policymakers reiterated it is “transitory” caused by supply chain issues post pandemic.
U.S. stocks were mixed as Fed Chairman Powell conducted his press conference.
Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 36114.42 +61.79 +0.17%SP500 S&P 500 4654.1 +23.45 +0.51%I:COMP NASDAQ COMPOSITE INDEX 15784.994168 +135.39 +0.87%
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