Wall Street rose to a new all-time high today after the Federal Reserve surprised investors and said it would not cut its bond-buying program, which helps support the economic recovery with lower interest rates.
The Fed, led by chairman Ben S. Bernanke, was widely expected to pull back on its $85 billion a month program to buy mortgage-backed securities and Treasury debt. The pause is good news for investors, who love low interest rates, but also a sign that the economy is not as strong as recently hoped.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"