The Federal Open Market Committee left the fed funds rate unchanged at 2.00% as expected, while expressing worries about inflation. Details from Bloomberg...
The Dow Jones Industrial Average rose 4 points to close at 11,812, the S&P 500 Index gained 8 points (0.6%) to 1,322, and the Nasdaq Composite advanced 33 points (1.4%) to 2,401. Crude oil fell $2.45 to $134.55 per barrel, and gold dipped $4.20 to $887.40 per ounce.
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