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Wall Street roars back ahead of Fed policy decision; Microsoft shines

Wall Street's main indexes climbed after two turbulent sessions and ahead of the outcome of a Federal policy meeting, with a stellar outlook from Microsoft boosting technology stocks

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3 min read Last Updated : Jan 26 2022 | 9:17 PM IST

Wall Street's main indexes climbed after two turbulent sessions on Wednesday and ahead of the outcome of a Federal Reserve policy meeting, with a stellar outlook from Microsoft boosting technology stocks.

The Fed policy decision is due at 2 p.m. ET (1900 GMT), with the U.S. central bank expected to signal the start of an interest rate hike cycle beginning March.

The announcement will be followed by Fed Chair Jerome Powell's news conference, which will be parsed for clues on the magnitude and pace of hikes for the year and strategy for shrinking the central bank's roughly $9 trillion balance sheet.

Fed funds

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Topics : Wall Street US Federal Reserve US stocks US stocks jumps US stock market

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