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Wall Street closes down sharply after Fed holds rates unchanged ReutersDow drops 1,100 points for worst day since April 2025 on fear the Fed is falling behind on inflation: Live updates CNBCU.S. Stocks Slide After Fed Pause, Escalation in Iran War WSJStock market today: Dow plunges by 1,100 points, S&P 500 and Nasdaq sink as yields rise on Fed's hawkish hold Yahoo Finance
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Major equity indexes put in their worst "Fed Day" performance since December 2024, while the yield on the 30-year bond shot higher.
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Fed holds interest rates steady after cliffhanger meeting, but three officials dissent CNNDivided Fed holds interest rates steady, but three members voted to hike CNBCWarsh Spins a Good Yarn on Bringing Down Inflation, But Markets Aren't Buying It Barron'sWall Street is panicking over Kevin Warsh's patience Fortune4 Takeaways From the Federal Re
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Xbox revenue drops 10 percent as Microsoft's cloud and AI business surges The VergeMicrosoft CEO Says Xbox Will ‘Return To Growth' This Fiscal Year KotakuXBOX Revenue Fell 10% In Latest Microsoft Earnings Insider Gaming'We Expect to Return to Growth' — Xbox CEO Remains Optimistic Despite Continued Revenue Loss Driven by Low Hardware and Content Sales ign.comMicrosoft Results B
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Despite increasing support for a rate increase, the Federal Open Market Committee voted 9-3 to leave the federal funds rate in a range between 3.5% and 3.75%.
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The surge in Treasury yields suggests investors doubt that the Federal Reserve can keep inflation contained.
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Gundlach said the divergent moves across the Treasury curve showed investors' skepticism that the Fed will ultimately follow through.
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Dow dives, S&P 500 trades lower in volatile market following Fed decision: Live updates CNBCNasdaq 100 Enters Correction, S&P 500 Falls After Fed Decision Bloomberg.comOil prices jump, while the Dow drops more than 1,100 as sinking AI stocks drag Wall Street lower AP NewsUpdate: Equities Tumble Following Fed's Divided Decision to Stay on Hold Yahoo Finance
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Kevin M. Warsh's second meeting as chairman of the Federal Reserve was colored by internal divisions over the path forward for policy.
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The Federal Reserve on Wednesday followed through on expectations for no interest rate change.
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Fed officials held interest rates steady, but they have splintered over how to fight inflation.
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