The US stock markets experienced a significant rally overnight, driven by positive sentiments following a Wall Street Journal report on the US Federal Reserve’s decision not to raise interest rates in next week’s meeting. The news from the Federal Reserve carries significant weight, as changes in interest rates can have a profound impact on the overall economy and financial markets. By signaling that there will be no rate hike in the upcoming meeting, the Fed is indicating its commitment to maintaining accommodative monetary policy. The Fed’s accommodative stance is intended to support economic growth and ensure that financial conditions remain favorable for businesses and individuals alike. This sentiment translated into buying activity, driving the stock markets higher.

Source: Wall Street Journal September 12, 2023 13:42 UTC