Stock market today: Dow, S&P 500, Nasdaq losses accelerate after Fed decision as Powell touts inflation worries
View original at finance.yahoo.comStock market today: Dow, S&P 500, Nasdaq losses accelerate after Fed decision as Powell touts inflation worries US stocks sank on Wednesday after the Federal Reserve voted to hold rates steady, while Chair Jerome Powell expressed concerns over progress over inflation…
What we drew from this source
The claims Via News extracted from this document. We point to the source; we don't replace it.
The index for processed goods for intermediate demand marked the largest monthly increase since gaining 2% in August 2023
60% confidenceIt could take several weeks to secure the Strait of Hormuz
60% confidenceNvidia received purchase orders for China-bound AI chips
60% confidenceStephen Miran favored a rate reduction
60% confidenceNvidia was ramping up its production network to meet demand
60% confidenceNearly 30 percent of the February rise in the index for processed goods for intermediate demand can be traced to prices for diesel fuel, which increased 13.9 percent
60% confidenceThe market isn't crashing, and that's one reason why it's not crashing - crash hedges don't pay enough in slow bleed, and unwinding them creates buying flows
60% confidenceThe Administration remains committed to continuing to strengthen our critical supply chains
60% confidenceOfficials kept their rate cut forecast steady for 2026
60% confidenceWe consider the targeting of the source country's fuel, energy, and gas infrastructure to be a legitimate cause for us, and at the first opportunity, we will retaliate with utmost severity
60% confidenceUntil we've neutralized Iran's layered, asymmetric capabilities — mines, fast attack craft, submarines and drones — we won't want to put commercial or even escort ships through
60% confidenceLooking to 2026 and beyond, we are ready to build on our progress
60% confidenceJerome Powell expressed concerns over progress over inflation
60% confidencePresident Trump's decision to issue a 60-day Jones Act waiver is just another step to mitigate the short-term disruptions to the oil market as the U.S. military continues meeting the objectives of Operation Epic Fury
60% confidenceAt Macy's, we are offering more relevant brands, stronger storytelling and investing in our colleagues so we can better serve the customer
60% confidenceInvestors bought downside protection for fast, ugly sell-off but instead stocks have mostly churned, leaked lower, and bounced around without tipping into panic
60% confidenceIran said leadership remains strong and committed to keeping the Strait of Hormuz closed
60% confidenceBloomingdale's performance underscores its ability to elevate the customer experience and capture demand across premium contemporary to luxury businesses
60% confidenceIran issued evacuation warning for energy infrastructure sites throughout Saudi Arabia, UAE, and Qatar saying sites could be targeted in the coming hours
60% confidenceNvidia expects AI chip sales to surpass $1 trillion by 2027, not including its latest products unveiled Monday
60% confidenceSixty percent of the February advance is attributable to a 5.5-percent jump in prices for processed energy goods
60% confidence