Producers of metals, grains and other raw materials rose after the Federal Reserve rate decision.
The Federal Reserve kept rates at 3.5-3.75% despite three dissenting votes for a hike, lifting commodity producers. Volatile energy markets boost traders like Glencore, signaling ongoing cost pressures for tech infrastructure and procurement budgets.
Producers of metals, grains and other raw materials rose after the Federal Reserve rate decision.
The Fed kept rates steady in a range between 3.5% and 3.75% even as three voting members dissented, calling for a hike. Investors were braced for an even more hawkish outcome.
Mining and metals trading house Glencore said volatile energy and commodities markets bolstered traders' performance in the first half of the year.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
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