The US Federal Reserve keeps its high rates unchanged. The Fed, however, reaffirms its desire to reduce them three times this year.
Wall Street, which was in a timid decline in the first part of the session, turned green when traders were reassured by the prospects of rate cuts. To curb high inflation born from massive monetary support provided after the global health and economic crisis caused by the Covid 19 epidemic, the American central bank raised its rates by 5 points from March 2022 to July 2023.