Stocks turn lower, Treasury yields jump as Fed leaves rates unchanged, signals more hikes in pipeline

Stocks turned lower Wednesday after the Federal Reserve, as expected, left interest rates unchanged but signaled further increases remain in the pipeline....

Stocks turned lower Wednesday after the Federal Reserve, as expected, left interest rates unchanged but signaled further increases remain in the pipeline. The Fed’s so-called dot plot showed policy makers expect the central bank to lift rates by another 50 basis points before ending the cycle, a more aggressive outlook than bullish investors appeared to pencil in.

The Dow Jones Industrial Average DJIA, -1.13% fell 363 points, or 1.1%, extending a decline. The S&P 500 SPX, -0.57% gave up a small gain to fall 0.6% while the Nasdaq Composite COMP, -0.62% was down 0.7%. Treasury yields jumped following the data, with the 2-year Treasury yield TMUBMUSD02Y, 4.726%, the most sensitive to policy expectations, jumping 20 basis points to 4.765%, according to FactSet.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks open lower as Fed’s rate decision loomsU.S. stocks opened lower Wednesday as investors await the Federal Reserve’s interest-rate decision. The Dow Jones Industrial Average was down 0.5% soon after the opening bell:
Read more »

Treasury-bond ETFs fall after inflation report as investors brace for Fed decisionExchange-traded funds that invest in Treasury bonds fell after the May inflation report, as the market anticipated the Federal Reserve may continue hiking...
Read more »

Treasury yields dip ahead of Fed rate decisionBond yields fell slightly on Wednesday as traders jostled for position ahead of the Federal Reserve's monetary policy decision.
Read more »

Asian stocks buoyed by chipmakers as Fed, CPI data loom By Investing.com⚠️BREAKING: *ASIA STOCKS END HIGHER AS JAPAN'S NIKKEI CLOSES AT NEW 33-YEAR PEAK 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
Read more »

Asian stocks rise on Fed pause bets, Japanese shares at 33-year highs By Investing.com⚠️BREAKING: *ASIA STOCKS RISE ON FED PAUSE BETS, JAPAN'S NIKKEI JUMPS TO ANOTHER 33-YEAR HIGH 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
Read more »