US Wall Street stocks experienced positive gains after recording similar gains yesterday.
All three major indexes surged driven by Federal Reserve (Fed) Chairman Jerome Powell at the FOMC meeting at 2 am today announcing that interest rates would remain unchanged at 4.50%.
The Dow Jones Index rose 0.70%, the S&P 500 increased 0.43% while the technology-focused Nasdaq strengthened 0.27%.
The Fed's decision to maintain interest rates steady was expected by all parties.
Powell also warned of rising inflation and higher unemployment rates due to the struggle caused by US President Donald Trump's tariff policies.
Global market expert Julia Hermann said the risk of unemployment and rising inflation leaves the Fed with no good short-term options in expanding the economy, and even makes it difficult for them to continue cutting interest rates.
Next, the rise in major indexes was supported by the progress of good negotiations between the two world powers, the US and the Republic of China, which will be held in Switzerland this weekend.
Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer met with China's top economic officials to discuss bilateral trade issues.
Investors cheered the Fed's announcement of a rate cut, while keeping an eye on the progress of talks between Washington and Beijing that could open up a lot of room for progress if the two sides get back on track.
