The CNN Money Fear and Greed index showed further improvement in overall market sentiment, as the index remained in the "Greed" zone on Wednesday.
U.S. stocks closed higher on Wednesday after the Federal Reserve announced its policy decision. The Fed, during the December Federal Open Market Committee (FOMC), maintained the rate at a range of 5.25%-5.5%. However, they projected a gradual reduction in the rate, with an expectation of reaching 4.6% by the end of 2024.
U.S. producer prices came in steady for November from October, versus a revised 0.4% decline in the prior period, and versus market estimates ...