Fomc Meeting 2024 Live News. The benchmark s&p 500 climbed above 5200 for. At his press conference, chair jerome powell called the rate reduction a “recalibration” of central bank policy, noting that the fed will continue to make decisions.
Stocks and treasuries climbed and the dollar slid in immediate reaction to the fed’s decision, although markets. Stocks finished wednesday sharply lower after the federal reserve left interest rates unchanged and signaled cuts are coming but not imminent.