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Live updates: Interest rates steady, Federal Reserve forecasts one rate cut in 2026 Yahoo FinanceHere's what changed in the new Fed statement CNBCLive Updates: Federal Reserve Leaves Interest Rates Unchanged The New York TimesUS Fed
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Dow tumbles more than 750 points to new closing low for 2026, fueled by inflation woes; Fed holds steady on rates CNBCDow slides nearly 800 points after Fed meeting amid oil inflation USA TodayStock market today: Dow, S&P 500, Nasdaq slide as Federal Reserve holds rates steady Yahoo FinanceFed Meeting Today: Stocks Fall After Powell Voices Inflation Worries — Live Updates WSJ
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"The markets are reacting negatively to the likelihood that the Fed is on hold for the time being," says one strategist.
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The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.
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Most officials at the U.S. central bank still expect at least one quarter-point cut to interest rates this year.
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