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Fed Holds Rates Steady as Markets Digest Mixed Earnings and Economic Data
Fed Holds Rates Steady as Markets Digest Mixed Earnings and Economic Data
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BTCCSquare news:
U.S. equities showed divergent performance Wednesday following the Federal Reserve's decision to maintain interest rates. The Dow Jones Industrial Average slipped 0.4%, while the S&P 500 pared losses to close just 0.1% lower. Tech stocks outperformed, pushing the Nasdaq Composite up 0.2%.
Policy makers remained divided, with two Fed governors dissenting in favor of a quarter-point cut. Chair Jerome Powell emphasized no September rate decision had been made, carefully avoiding any commitment to future policy direction. The central bank continues navigating between resilient economic indicators - including 3% Q2 GDP growth and stronger-than-expected private payrolls - and political pressure for accommodative measures.
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