U.S. stocks climbed Wednesday as investors were relieved that the Federal Reserve once again left interest rates unchanged. With the central bank confirming that it will raise interest rates slowly, bond yields dropped and utility and phone companies rose. In the last two weeks, a few Fed leaders gave differing opinions on whether the central bank should raise interest rates now. The Fed raised interest rates in December and hasn't made another move since. Investors were surprised earlier this month when Fed official Eric Rosengren, who has been reluctant to raise rates, suggested he might be willing to raise rates this month.

Source: ABC News September 21, 2016 14:27 UTC