Markets mixed, Fed keeps easy monetary policy

Markets were mixed on Wednesday.

The S&P 500 touched an intraday record but closed 0.1 percent lower.

Elsewhere, the Nikkei 225 rose 0.2 percent while the STOXX Europe 600 ended little-changed.

The Federal Reserve kept its easy monetary policy in place on Wednesday despite an economy that it acknowledged is accelerating.

However, US stocks failed to maintain initial gains from the decision after Fed Chairman Jerome Powell said at a news conference after its monetary policy meeting that equity markets are showing signs of “froth”.