Wall Street Ends Higher, Treasury Yields Slip as Fed Sees Rate Cuts This Year

GLOBAL MARKET - NEW YORK.- U.S. stocks bounced on Wednesday after the U.S. Federal Reserve left its key interest rate unchanged but hinted it would reduce borrowing costs by half a percentage point by the end of the year.

Gold flipped positive, touching a record high, and U.S. Treasury yields pared gains after the central bank lowered its economic outlook for the year and marked up its inflation expectations in view of U.S. President Donald Trump's tariff rollouts.