9/23, 10:31 AM (Source: TeleTrader)
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US up premarket following Fed decision

Equities on Wall Street traded higher in the premarket session on Thursday, as following yesterday's decision by the United States Federal Reserve to keep the interest rate unchanged. The Fed also revised down its projections of the growth of the country's gross domestic product, while Fed Chair Jerome Powell noted that the tapering of assets may be introduced after the next meeting and that the rate hike is unlikely to happen until the taper is finished.

Meanwhile, the White House indicated that they are working on a contingency solution if the debt ceiling isn't lifted and signaled progress being made in the ongoing infrastructure negotiations within the Democratic party. In business, BlackBerry announced its quarterly earnings and Facebook's Chief Technical Officer stepped down from his role.

The Dow Jones gained 0.66% at 4:29 am ET, while the Nasdaq 100 increased 0.64% at the same time. The S&P 500 rose 0.67% a minute later. The euro traded 0.34% higher against the dollar changing hands for $1.17274 at 4:31 am ET.

Breaking the News / OL