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Fed decision, Powell press conference: Recap - Fox Business

The Federal Reserve wrapped its November meeting confirming it will begin to taper stimulus to the economy starting in mid-November while also leaving the door open to alter plans should the economy shift due to the pandemic. 

Additionally, on inflation, policymakers reiterated it is "transitory" caused by supply chain issues post pandemic. 

U.S. stocks rallied as Fed Chairman Powell conducted and concluded his press conference. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 36157.58 +104.95 +0.29%
SP500 S&P 500 4660.57 +29.92 +0.65%
I:COMP NASDAQ COMPOSITE INDEX 15811.584195 +161.98 +1.04%

For a recap of the developments, check out FOX Business' updates here. Mobile users click here.

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