The focus this morning was the latest FOMC meeting with the decision to maintain interest rates at 4.25%-4.50% in line with market expectations.
Economic projections were lowered due to uncertainty triggered by President Donald Trump's administration policies, making it difficult to assess future employment and inflation.
A report from the Federal Reserve (Fed) that signaled two interest rate cuts this year prompted Wall Street to record gains on Thursday.
On Wednesday, most American stocks were seen to have managed to close higher with the S&P 500 index up 1.08%, supported by several sectors including technology, while the Dow and Nasdaq managed to rise by 0.92% and 1.41% respectively.
Earnings reports from several companies such as Nike and economic data, namely unemployment claims data, will be awaited by investors to assess the current market situation.
Fed Chairman Jerome Powell believes that inflation concerns triggered by Trump's tariffs are seen as temporary and will not last long while employment and the economy are still stable.
