Global stocks hold gains after Fed decision, oil prices rise
Bullish strength: 58/100
- Global stocks and major Wall Street indexes gained following the Fed's rate decision.
- The Fed held rates steady at 3.75%-4.00%, as expected.
- Brent crude rose 1% to $115.32 per barrel amid supply disruption concerns.
- US crude gained 3% to $102.78 per barrel.
Bearish strength: 42/100
- Inflation remains elevated, according to the Fed.
- Markets priced in an 85% likelihood of a 25-basis-point Fed rate hike in December, up from 78.3%.
- Higher energy prices could bring additional monetary tightening into play.
- Alphabet shares fell after its heavy spending drove a bigger-than-expected cash burn.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.