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Stocks Rebound as Fed Keeps Rates Unchanged
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The Federal Reserve kept interest rates unchanged, with nine members voting to maintain current levels, despite three members advocating for a hike, to control inflation.
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Stocks Rebound as Fed Keeps Rates Unchanged
Three Fed members voted for a hike, while nine members voted to keep rates at current levels. The Fed noted that it 'will do what it takes to keep inflation under control.' The market reaction was mixed, with some stocks rising and others falling.
US Stocks Stay Lower After Fed Leaves Rates Unchanged
US stocks remained lower on the day, interest-rate sensitive 2-year Treasury yields reversed their earlier gains after the Federal Reserve left interest rates unchanged. Oil prices rose around 7% after Middle East airstrikes resumed. The move has sparked concerns about supply disruptions and the fragile ceasefire hopes. The US and Saudi forces conducted overnight strikes against Tehran-backed militias in Iraq, killing at least 20 fighters. Iran's Revolutionary Guard claimed responsibility for the attempted surprise strike.
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