The Federal Open Market Committee decided to leave interest rates unchanged at its latest meeting. Fed Chairman Kevin Warsh stated monetary medicine is starting to work, though no firm policy conclusions have been reached.
Federal Reserve Holds Interest Rates Unchanged as Warsh Comments on Policy
U.S. stock indices posted slight gains following the Federal Reserve's policy decision. Markets reacted to the central bank's announcement that interest rates will remain unchanged.
The Nasdaq and small-cap stocks declined while the Dow Jones trimmed its gains after the Federal Reserve decided to keep its benchmark interest rate unchanged. Meanwhile, shares of Robinhood slid following the release of its earnings report.
The Federal Open Market Committee has decided to hold interest rates steady at its latest meeting. Financial markets largely mirrored the decision with muted price action.
The US Federal Reserve maintained benchmark interest rates at current levels during its recent policy meeting. Central bank officials noted they are awaiting an accumulation of further economic data before adjusting policy.
fed rate decisionFederal ReserveUSDSPYQQQDIAHOODFOMC
