Wall Street edges up before Fed decision

The indicators on Wall Street recorded a slight increase amid falling oil prices and expectations that the U.S. Federal Reserve will maintain interest rates at their current levels, ahead of the first interest rate decision under the new Chairman of the Board, Kevin Worch. Data showed U.S. retail sales rose by 0.9% in May. Meanwhile, the Dow Jones Industrial Average increased to 52,070.81 points, the S&P 500 to 7,519.49 points, and the Nasdaq to 26,466.52 points. Attention is now turning to the upcoming monetary policy decision, inflation forecasts, and employment prospects.

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