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Dow Closes At Another Record High After Fed Decision

Dow Closes At Another Record High After Fed Decision
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Wall Street wobbled, then regained its stride Wednesday after the
Federal Reserve told investors what they expected to hear: that inflation is still too high for comfort, but the central bank is holding interest rates steady. The Dow Jones industrials rose to another record close.

The central bank's Open Market Committee as anticipated left interest rates unchanged at 5.25 percent, as it has done since last summer. The statement that accompanied the decision was little changed from the one the Fed released after its last meeting in March; the assessment said policy makers are keeping their inflation watch the priority despite a slower economy.

Read more on Associated Press

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