US stocks ended the trading session of New York (Wednesday) mixed following the Federal Reserve's (Fed) interest rate decision.
As expected, the Fed increased interest rates by 25 basis points to a range of 5.25%-5.50% which is also a 22-year high.
The Fed also left the 'door' open for more hikes, saying it would continue to review economic data to determine what level of additional policy measures might be appropriate.
The central bank is also more positive about the prospects for the US economy which is no longer seen to be in recession, with Powell arguing that they could achieve a 'soft-landing'.
Even so, the stock market failed to react significantly following the decision and the statement, seeing the S&P 500 index close down slightly at 4,566.74 while the Nasdaq fell 0.4% to 15,499.26.
However, the Dow Jones Industrial index closed the New York session on a positive note, rising 0.23% to 35,520.13.
Investors' focus will next turn to the release of US gross domestic product (GDP) data for the second quarter tonight.
Meanwhile, Meta Platforms Inc jumped 7% following a better second-quarter report, with total quarterly revenue of $32 billion, an 11% year-over-year increase.
Additionally, eBay fell 4.8% following a lackluster earnings report in the second quarter.
Coca cola rose 1.29% after second-quarter results beat estimates, and its full-year earnings target was also raised.
