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Added on the 28/10/2015 21:46:41 - Copyright : Reuters EN
Healthcare stocks led the way south for stocks on Tuesday, as investors awaited news from the Federal Reserve's two-day policy meeting. Bobbi Rebell reports.
Wall Street celebrated the U.S. central bank's first rate hike in nearly a decade. Bobbi Rebell reports.
"My colleagues and I are acutely aware that high inflation imposes significant hardship as it erodes purchasing power," US Federal Reserve Chair Jerome Powell says in Washington. SOUNDBITE
The US Federal Reserve holds interest rates at a 23-year high. "Today, the FOMC (Federal Open Market Committee) decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings," announces US Fed Chair Jerome Powell. SOUNDBITE
The US Federal Reserve Chair Jerome Powell announces that interest rates wil remain unchanged for the fourth straight meeting. "As labor market tightness has eased and progress on inflation has continued, the risks to achieving our employment and inflation goals are moving into better balance," he says. SOUNDBITE
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