Relief rally: Dow jumps 225 pts. on Fed rate news | WHAT REALLY HAPPENED


Relief rally: Dow jumps 225 pts. on Fed rate news

U.S. stocks rallied sharply after the Federal Reserve ruled out interest rate hikes at next month's meeting and said it had not "decided on the timing" of the first rate increase in nearly nine years.

Stocks were lower ahead of the Fed's announcement Wednesday afternoon, but rose sharply after the highly anticipated policy statement was released at 2 p.m. ET at the end of its two-day meeting.

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