Wall Street Weighs Fed Decision as Stocks hit Highest Level This Year

Wall Street will take another look today at Federal Reserve Chairwoman's Janet Yellen message about the economy. Like most expected, the Central Bank left interest rates alone and hinted there could be 2 interest rate hikes this year instead of the previously accepted number of 4. Investors liked the Federal Reserve decision and statement and sent the U.S. indexes to the highest levels of the year. WTI crude oil is surging, nearing $40 a barrel. Oil producers, including OPEC members, support holding talks next month on a deal to keep production at current levels even if Iran declines to participate, according to OPEC sources. Federal Express (FDX) rides the wave of online shopping to beat earnings expectations. The shipping company said it had a strong holiday season, however, profit fell 19% due to legal bills.