Dow Surges 160 Points in Minutes as Fed Says No Rate Hike in 201930

On Wednesday, 11 out of 17 officials at the Federal Reserve reportedly voted to not increase its benchmark interest rate, vowing to remain patient. The Dow Jones immediately responded, surging 163 points within minutes. According to the WSJ, most Federal Reserve officials foresee the central bank raising the interest rate once in the upcoming three years, a move that could have a sustainable impact on the U.S. market. With positive fundamental factors in place including an increase in wages and productivity growth, and the noticeable progress in the U.S.-China trade talks, the Dow is projected to rebound following a volatile

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