Market Pulse - Usa
US close: Stocks rise after Fed hikes growth forecasts
Stocks on Wall Street closed in the green on Wednesday, after the Fed upped its economic forecasts following its two-day March meeting.
Fed still sees 'considerable risks' from Covid-19 pandemic
America's central bank stayed put on policy, reiterating its commitment to maintain short-term interest rates low until the economy was firmly on the recovery path.
US open: Stocks mixed as investors await outcome of Fed meeting
Wall Street trading got off to a mixed start on Wednesday as investors held out for the outcome of the Federal Reserve's two-day policy meeting later in the day.
US housing starts fall in February as harsh winter weather stymies construction
Housing starts fell more than expected in the US during February as extreme winter weather conditions hindered activity but still-elevated construction permits and backlogs seem to point to momentum in homebuilding remaining high over the next few months.
Deutsche Bank downgrades TI Fluid Systems on valuation grounds
TI Fluid Systems was under the cosh on Wednesday as Deutsche Bank downgraded the stock to ‘hold’ from ‘buy’ on valuation grounds, noting its strong run into 2021.
US pre-open: Futures mixed ahead of Fed interest rate decision
Wall Street futures were mixed ahead of the bell on Wednesday as investors were holding out for the outcome of the Federal Reserve's two-day policy meeting later in the day.