The main US stock indexes mostly rose as a result of today's trading

US stock indices fell strongly in response to the results of the Fed meeting, but then regained lost ground and ended the session mostly in positive territory.

The Fed left the interest rate range for federal funds unchanged, between 1.00% and 1.25%, but hinted at the possibility of another rate hike in 2017, despite the fact that low inflation caused some managers to doubt the feasibility of such a move .

According to the Fed's average forecast, the interest rate will be 1.4% this year and 2.1% in 2018, as the recent CBR forecast. In the long term, the Fed expects that the rate will be 2.8%, and not 3%, and the current cycle of rate increases will be completed by 2020. Meanwhile, according to the forecast of the Fed, the target inflation rate will be reached in 2019, and not in 2018. This year inflation is expected to grow to 1.6%. Also, the Fed said it expects GDP growth of 2.4% in 2017 (in June the forecast was + 2.2%). In 2018, GDP is expected to grow by 2.1%, in 2019 - by 2%. As for employment, managers expect a drop in the unemployment rate from the current 4.4% to 4.3% this year.

Negligible impact on the course of trading also provided data on the United States. The National Association of Realtors reported that home sales in the secondary market fell for the fourth time in five months, as restrained supply levels continue to reduce overall activity. Sales growth in the Northeast and Midwest has outpaced the decline in the South and West. Total secondary home sales, which are completed transactions including single-family homes, urban homes, condominiums and cooperatives, fell 1.7%, seasonally adjusted to an annual rate of 5.35 million in August from 5.44 million in July. The sales level last month was 0.2% higher than last August, and is the lowest since then.

Most components of the DOW index finished trading in positive territory (20 out of 30). The leader of growth was the shares of McDonald's Corporation (MCD, + 1.47%). Outsider were the shares of Apple Inc. (AAPL, -1.85%).

The S & P sector showed mixed dynamics. The raw materials sector grew most (+ 0.4%). The largest decrease was shown by the consumer goods sector (-0.8%).

At closing:

DJIA + 0.18% 22.411.25 +40.45

Nasdaq -0.08% 6,456.04 -5.28

S & P + 0.06% 2.508.17 +1.52