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US STOCKS-Wall Street rises as Fed's rate decision looms

December 15, 2022
Source: devdiscourse.com devdiscourse.com
News Snapshot:
Wall Street's main indexes rose on Wednesday ahead of the Federal Reserve's monetary policy decision and economic projections for clues on the path of interest rates. The U.S. central bank is expected to raise its key rate by 50 basis points to 4.25-4.50% at its last meeting of 2022 after four straight 75 bps increases following a surprise drop in inflation. The decision, scheduled for 2 p.m. ET, will be followed by Chair Jerome Powell's press conference. Fed officials will also issue new projections showing just how close that endpoint of rates may be, with Tuesday's data showing cooling inflation...
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