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Home / Business / Stocks remain stable after the Fed minutes, showing a "patient" interest rate approach

Stocks remain stable after the Fed minutes, showing a "patient" interest rate approach



US. Stocks traded in a tight range on Wednesday after the US Federal Reserve published the minutes of its last meeting, confirming the US Federal Reserve's intention to keep interest rates steady for now, at least for now monetary policy in 2019 during its two-day meeting in March, suggested, however, that further rate hikes could be expected if the economy improves.

At the same meeting, US central bank policymakers unanimously voted in favor of maintaining the benchmark. The federal funds are stable at a target corridor of 2.25 percent to 2.5 percent. The Fed also signaled that there will be no further hikes for the remainder of 201

9, as concerns over slowing global growth persist, a result of more than a year of US-China trade wars and Brexit uncertainties.

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The ten-year government bond yield fell 2.5 percent to its lowest level since April 1.

Stocks of airlines rose. Delta reported gains and earnings that exceeded expectations in the first quarter.

"Demand for Delta's product has never been stronger," said President Glen Hauenstein in a statement.

Ticker Security Last Last [19659011] Change % Chg
I: DJI DOW JONES AVERAGES 26125.86 -24.72 [19659016] -0.09%
SP500
SP04
] +4.66 + 0.16%
I: COMP NASDAQ COMPOSITE INDEX 7939.727039 +30.45 + 0.39%

"With our customer-focused commercial initiatives, we've been able to gain a strong customer Loyalty and top-line momentum, we now expect revenue growth of 5% to 7% for the full year, an increase over our previous forecast." [19659002] JetBlue Airways could publish plans for a flight to London and other European cities for an all-hands meeting for employees on Wednesday, according to a report.

Despite reporting from the Energy Information Administration Crude oil inventories rose about 7 million barrels last week, and the price of crude oil rose, boosting oil company stocks.

Ticker Security Last Change % Chg
HFC HOLLYFRONTIER CORP 50.38 +2.21 +2.29 +2.209. 990 19659014] VALERO ENERGY CORPORATION 88.70 +3.59 + 4.22%
MPC MARATHON PETROLEUM CORP 63.48 +1.33 +1.33 and + 1.32 West Texas Intermediate benchmark US crude was in a five-month high amid tight inventories due to OPEC-related production cuts and sanctions against Iran and Venezuela.

Meanwhile, the Labor Department said Wednesday that US consumer prices had risen 0.4 percent last month, the fastest pace in 14 months, but without the volatile food and energy costs. This is below the expectations of the analysts. Overall, higher prices for petrol, electricity and housing were recorded.

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China's Shanghai Composite closed 0.07 percent, Hong Kong's Hang Seng declined 0.13 percent, and the Japanese Nikkei 225 fell 0.53 percent ,

The British FTSE 100 had a fraction, the French CAC 40 rose 0.38 percent and the German DAX rose 0.57 percent.


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