U.S. stocks climbed after the Federal Reserve said the economy still looks healthy enough to keep interest rates where they are. The S&P 500 jumped 1.1% Wednesday.

Top Wall Street analyst Tom Lee believes that a Fed rate cut is highly likely, given the “overreaction” in the market.

Asian Shares Are Mixed After Wall Street Falls Back Ahead of Fed Rate Decision TOKYO (AP) — Asian shares were mixed Wednesday ahead of a decision on interest rates by the U.S. Federal Reserve. U.S. futures edged higher while oil prices declined.