For now, there is no reason for the Federal Reserve to intervene, despite rising inflation and steady economic growth. The umbrella of the central banks of the United States will support the country’s economy until it takes over. The outlook improved on the actions taken by Congress earlier. But according to the central bank, it will take some time for significant progress to be made.
So the bank umbrella is waiting to raise interest rates until the requirements in areas like inflation and employment are clearly met. No interest rate action is expected until 2023. After that news, leading indicators in New York made up for their previous losses. The Dow Jones Industrial Average eventually gained 0.6 percent to 33,015.37 points. The broader S&P 500 was up 0.3 percent at 3974.12 points and the tech gauge Nasdaq was up 0.4 percent at 13,525.20 points.
Disney
Entertainment group rose 1 percent at Disney companies. The company will reopen its theme parks in California. The doors of the amusement parks will open on April 30, but not yet fully. Morgan Stanley won 1.3 percent. Wealthy customers of the bank can access Bitcoin funds.
Uber, the company behind taxi use of the same name, gives its drivers more rights in Great Britain and guarantees them a minimum wage. Analysts expect this to be a loss for Uber’s profit and the stock fell 4.3 percent.
Amazon
Amazon also offers a healthcare service that allows its own employees to see a doctor remotely to other companies. This is already happening on a small scale near its home base Seattle, but Amazon plans to serve more companies this summer. Amazon was up 0.7 percent.
The euro was valued at $ 1.1980, compared to $ 1.1896 at the close of European stock markets the previous day. U.S. oil is down 0.3 percent at $ 64.60 a barrel. Brent oil became 0.5 percent cheaper at $ 68.03 a barrel.
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