The most important indices on the global stock exchanges developed positively today after the interest rate decision of the US Federal Reserve. The German leading index DAX was able to overcome the 15,000 point mark again.
After the US Federal Reserve left interest rates unchanged for the second time in a row at yesterday's meeting, the indices were able to continue the recovery they had begun yesterday with significantly more momentum. The DAX, for example, began today's trading session in Frankfurt above the important 15,000 point mark. The index is currently up around 213 points or 1.40 %. The most important US indices are also posting significant gains in pre-market trading. As yesterday, the Nasdaq is leading the way with a current increase of over 1.50 %, followed by the S&P 500 with a gain of around 1.00 % and the Dow Jones with a price increase of around 0.65 %.
Fed Chairman Jerome Powell made it clear at yesterday's press conference that the Fed's inflation target of 2% should be achieved definitely. But even though this did not explicitly rule out a further interest rate hike, investors seem to assume that the peak of interest rate hikes has been reached due to the economic development. Another reason for the emerging optimism could be that Powell took a side swipe at the US Treasury in a remark. The reason for this is probably the current high bond rates of around 5%, which are strongly influenced by the actions of the Department. At the moment, it still looks as if the positive trend will continue. At least until tomorrow, Friday, when the next important figures on the US economy will be published in the form of labour market data.