BUSINESSCOURTHOUSE NEWS
Wall Street rises, falls, rises again as Fed keeps rates steady
Wall Street saw modest gains as the Iran peace deal improved market conditions, but the Federal Reserve kept interest rates steady at 3.5% to 3.75% under new chair Kevin Warsh. Markets closed higher by week's end, though the Fed's shorter-than-usual statement and lack of forward guidance increased uncertainty.
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Adjacent reporting
- Oil prices fall amid mixed signals on US-Iran peace deal
- Oil prices fall, stocks rise amid optimism over US-Iran deal, reopening of Hormuz
- Asian shares are mostly higher and Japan’s Nikkei tops 70,000 before BOJ rate hike
- HKMA keeps rate unchanged as new Fed chair holds steady, but a rise is expected this year
- Luxury stocks spike on proposed U.S.-Iran peace deal; LVMH up 5%
- Oil prices rise, but not by enough to drag Wall Street far off its records