It was all eyes on the Federal Open Market Committee on Wednesday. This afternoon, Federal Reserve Chair Jerome Powell Wednesday as central bank policymakers delivered their latest interest rate decision, opting to continue their wait-and-see approach in the aftermath of President Donald Trump's tariff campaign and keep rates unchanged. Warnings from the Fed that the economy is facing growing risks of stagflation initially sent stocks lower before they ended the day slightly higher.
The S&P 500 rose 0.43% Wednesday while the Dow Jones Industrial Average notched a 0.70% gain at close and the Nasdaq composite increased 0.27%.
