U.S. stocks climbed on Wednesday, lifting the S&P 500 to a record finish, after the Federal Reserve said the economy is rebounding and that interest rates would stay low for some time.
“We are inching from unprecedented accommodation to policy tightening, even though it’s not imminent,” said Anastasia Amoroso, global market strategist at J.P. Morgan Funds.
The Fed alluded to a slightly faster pace of interest rate increases next year, while suggesting benchmark borrowing costs in the longer term would be lower than the Fed has indicated before.
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