NEW YORK: Wall Street stocks finished higher Wednesday following a choppy session as the Federal Reserve kept interest rates unchanged, while Google-parent Alphabet tumbled on worries about its namesake search engine.
The Fed, as expected, announced another pause in rate cuts amid uncertainty over the effects of President Donald Trump’s tariff plans.
Stocks meandered during a press conference with Fed chair Jerome Powell in which the central bank chief reiterated his independence from the White House and pointed to a “great deal of uncertainty” about tariffs and the economy.