MSCI's global gauge of stocks gained 0.10%, and the pan-European STOXX 600 index rose 0.26% on the news. The S&P 500 gained 75.48 points, or 1.63%, to end at 4,708.37 points, while the Nasdaq Composite gained 330.94 points, or 2.17%, to 15,568.58. The Dow Jones Industrial Average rose 390.19 points, or 1.10%, to 35,934.37.
NEW YORK: Global shares and bond yields rose on Wednesday after the U.S. Federal Reserve said it would end its pandemic-era bond purchases in March and begin raising interest rates as much as three times next year.
The new economic projections https://www.reuters.com/markets/us/fed-prepares-stiffen-inflation-response-post-transitory-world-2021-12-15 forecast inflation will run at 2.6% next year, compared to the 2.2% projected in September, and the unemployment rate will fall to 3.5%.
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