“The labor market continued to improve, with solid job gains and declining unemployment,” the Federal Open Market Committee said in a statement Wednesday.
Meanwhile, the saving rate dipped to 4.8% from 5.2%, which suggests that up-beat consumers are also more willing to spend, instead of stashing away the cash for a rainy day.
Consumer Discretionary Select Sector SPDR
For more information on the consumer sector, visit consumer discretionary category.
Max Chen contributed to this article.