US stocks rise ahead of Fed meeting, Big Tech testimony
US stocks rose Wednesday ahead of a key meeting for the Federal Reserve and congressional testimony from big tech CEOs.
The Federal Reserve isn't expected to introduce new stimulus measures Wednesday, following a two-day policy meeting, but investors will be watching for further guidance on the economic recovery from the pandemic recession. The group will release a press statement at 2 p.m. ET, and Chairman Jerome Powell will speak shortly after.
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