- The Federal Reserve did not lower interest rates, after having done so for three consecutive meetings to end 2024. Stocks declined on the news, with the S&P 500 sinking 0.7% from the previous' day's close.
The Federal Reserve met for the first time since President Donald Trump was sworn into office for his second term. The meeting went as expected, with no changes to interest rates. But the S&P 500 broad index of large cap stocks declined on the news, sinking 0.7% immediately after the news before rebounding to down 0.5% shortly before market close, roughly where it had been before the Fed's announcement.
