Wall St. gains as Fed holds rates steady

NEW YORK (Reuters) – Wall Street gained on Wednesday after the U.S. Federal Reserve’s decision to hold interest rates steady.
The Fed indicated that moderate U.S. economic growth and “strong job gains” would allow it to resume tightening monetary policy this year. But the U.S. central bank noted that the United States continues to face risks from an uncertain global economy.
Eight of 10 S&P sectors were positive after the Fed’s statement, with telecoms the best