Dow Jones Edges Higher Ahead of Fed Interest Rate Decision, Escalating West Asia Tensions
10 Articles
10 Articles
Dow Jones edges higher ahead of Fed interest rate decision, escalating West Asia tensions
Wall Street’s main indices opened slightly higher on Wednesday as investors awaited the Federal Reserve’s key interest rate decision, while escalating conflict between Israel and Iran continued to fuel global uncertainty.
Dow dips after Fed pause; ASX set to open lower
US stocks ended Wednesday little changed after the Federal Reserve kept interest rates on hold and signalled it was in no rush to cut, citing uncertainty over President Trump’s tariffs. The Dow slipped 44 points, or 0.1%, to 42,171.66. The S&P 500 edged down 0.03%, while the Nasdaq rose 0.13%. While the benchmark rate remains at 4.25–4.5%, the Fed downgraded its 2025 growth forecast to 1.4% and raised its core inflation outlook to 3.1%. Chair Je…
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