US STOCKS-Wall St recovers after Fed keeps rates unchanged

miércoles 27 de julio de 2016 14:58 GYT
 

* Fed keeps rates steady, opens door to resumption of increases

* Boeing's quarterly loss not as bad as expected

* Coke tumbles after revenue miss

* Dow +0.13 pct, S&P -0.06 pct, Nasdaq +0.53 pct (Updates with comment, detail on stock moves)

By Noel Randewich

July 27 (Reuters) - Wall Street rebounded from earlier lows on Wednesday after the Federal Reserve left interest rates unchanged but opened the door to a resumption of monetary policy tightening this year.

The Fed was not expected to move interest rates at its two-day meeting, ended on Wednesday, but investors have been anxious for hints about when an increase might come in light of concerns about fallout from Britain's vote in June to leave the European Union.

The U.S. central bank indicated less worry about possible shocks that could push the U.S. economy off course and noted that inflation expectations were little changed in recent months.

"The statement is more constructive about the economy," said Mike Materasso, senior vice president at Franklin Templeton in New York. "A rate increase is warranted this year, most likely at the end of the year, but a lot has to do with a benign world arena."   Continuación...