Stocks in the U.S. experience a significant surge - investors celebrate the Federal Reserve's interest rate decision.

U.S. Federal Reserve Maintains Zero-Interest-Rate Policy until 2023

The U.S. Federal Reserve announced on Wednesday that it will maintain its zero-interest-rate policy at least until 2023. The decision was made collectively by the Federal Open Market Committee (FOMC), which includes Federal Reserve Governors and regional Fed Presidents, with Federal Reserve Chair Jerome Powell leading the Fed.

The announcement led to gains in U.S. stock markets, with the Dow Jones Industrial Average closing at 28,303.46 points, up 1.91 percent from the previous trading day. The S&P 500 also saw gains, closing around 3,415 points (+1.71 percent), while the Nasdaq 100 calculated the Nasdaq at around 11,500 points (+1.88 percent).

Investors' enthusiasm over the Fed's announcement was cited as the reason for the market gains, but no specific information about the reasons for the market movements was provided.

In addition to the U.S. markets, the euro strengthened on Wednesday evening, costing 1.1764 U.S. dollars (+0.26 percent). The price of gold, in euros, was equivalent to 51.56 euros per gram on Wednesday, while an ounce of gold traded at 1,886.61 U.S. dollars (+0.47 percent). No new information about the performance of other currencies or commodities was provided.

A photo of the announcement on Wall Street was taken by dts News Agency. However, no new facts about the indirect effects of the U.S. Federal Reserve's announcement, such as the strengthening of the euro and the increase in gold prices, were provided.

The Fed's decision to maintain its zero-interest-rate policy is a continuation of its efforts to support the U.S. economy during the ongoing pandemic and recovery. The policy is determined by the FOMC based on economic data and outlook, and the Fed Chair Jerome Powell leads the committee. No new facts about the policy were provided in this announcement.

Stocks in the U.S. experience a significant surge - investors celebrate the Federal Reserve's interest rate decision.