Business
ASX to rise, Wall St advances on Fed pledge – The Australian Financial Review
Australian shares are set to open higher as Wall Street rose after the US central bank pledged to keep rates lower for longer. $A moves toward US72¢.
Four of the biggest tech CEOs were hammered by US lawmakers – Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Alphabets Sundar Pichai and Apple’s Tim Cook. The shares of their respective companies advanced between 1% and 2% on the day.
The main overall focus for investors however was the Fed.
In a statement after a two-day meeting, the Fed’s policy committee said it expected to maintain the current target range “until it is confident that the economy has weathered recent events and is on trac…
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