US stocks rally after Fed signals no 2019 rate hikes

New York (AFP) – US stocks rallied and the dollar retreated Wednesday after the Federal Reserve signaled it expects no interest rate hikes in 2019.

The S&P 500 and Nasdaq were both in positive territory, while the Dow was narrowly negative after the Fed’s announcement. Prior to the 1800 GMT press release, all three indices had been decisively negative.

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