US STOCKS-Wall Street up on hopes of Fed backing; FedEx jumps

Wall Street’s main indexes rose on Wednesday as investors hoped the Federal Reserve would continue to keep interest rates low for a prolonged period, with upbeat quarterly results from FedEx also boosting sentiment. The Federal Open Market Committee will release its policy statement and economic projections at 2 p.m. ET (1800 GMT), followed by Fed Chair Jerome Powell’s virtual news briefing half an hour later.

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