US stock indices climb as investors digest Fed decision

US stock indices rose on Thursday as investors assess the Federal Reserve’s latest Fed decision.

The Fed decided to maintain the interest rate unchanged at below 4.5% while expecting two interest rate cuts this year. It also raised its inflation outlook while reducing its US growth outlook.

US 10-year treasury yields fell by 7 basis points to 4.185%, while two-year rates fell by 5 basis points to 3.928%.

Earlier government data showed US unemployment claims rose by two thousand to 223 thousand last week, while analysts expected 225 thousand. 

On trading, Dow Jones rose 0.6%, or 240 points to 42204 points, while S&P 500 added 0.5%, or 25 points to 5700 points, as NASDAQ advanced 0.6%, or 103 points to 17,854 points.