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U.S. stocks open higher ahead of Fed rate decision

Clyde Edgerton by Clyde Edgerton
September 20, 2023
in Markets
U.S. stocks open higher ahead of Fed rate decision
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U.S. stock indexes opened higher as investors awaited the Federal Reserve’s interest-rate decision and Chair Jerome Powell’s comments. The Dow Jones Industrial Average DJIA was up 92 points, or 0.3%, to 34,601, while the S&P 500 SPX was rising 0.2% and the Nasdaq Composite COMP was advancing 0.1%. The U.S. central bank is widely expected to hold its benchmark interest rates steady at 2 p.m. ET, but investors will be scrutinizing the summary of economic projections and the press conference of Chair Powell for clues as to whether policymakers are determined to hike rates again in the remainder of 2023. Oil prices continued…



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