"Stocks Drop as Fed Signals Unlikelihood of March Rate Cut"
TL;DR Summary
US stocks moved lower after the Federal Reserve indicated that a rate cut in March is not the base case, with the NASDAQ down 1.67%, S&P down 1.28%, and Dow Industrial Average down 0.48%. In the Forex market, the EURUSD is trading at a new low, GBPUSD is moving away from its moving averages, and USDJPY is back above swing areas. Expectations for a rate cut in March have decreased to 30%, with the market now looking towards May.
- US stocks moved lower after Fed says a March cut is not the base case ForexLive
- Stock market today: Stocks sink after Powell suggests Fed may not cut rates in March Yahoo Finance
- Dow Jones Futures: Stocks Tumble As Fed Chief Powell Says March Rate Cut Unlikely; What To Do Now Investor's Business Daily
- Fed leaves interest rates unchanged, delaying anticipated rate cuts ABC News
- Fed Meeting News, Jan. 31 2024: Stocks End Lower After Fed Signals Rate Cuts Not Imminent The Wall Street Journal
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