U.S. Stocks Rise After Fed Holds Rates, Markets Eye December Hike
U. S. stocks edged higher on 28 October after the Federal Reserve kept its policy rate unchanged on 23 October, shifting market expectations toward a possible rate hike in December, Reuters reported. Earlier in the week, Brent crude settled at $116. 72 a barrel, its highest level since April, keeping fuel prices elevated, according to News.
com. au. The next day, Asian markets opened lower as Brent fell from six-month highs, and investors awaited central-bank meetings, Reuters noted. Later, Canadian equities rose as oil prices eased and traders looked ahead to the Bank of Canada’s expected rate increase, The Globe and Mail said.