According to a statement released two days after the FED meeting, the current monetary policy is appropriate to support a sustained expansion of economic activity, strong labor market conditions, and inflation near 2%. The labor market remains strong and economic activity has been increasing at a moderate rate.

US stocks on Wednesday gained following the FED’s decision on the interest rate.  The Dow Jones Industrial Average, the S&P 500, and Nasdaq all closed up with increases ranging from 0.1 to 0.4%.