Dow Jones Top Markets Headlines at 5 PM ET: Fed Holds Rates Steady, But More Officials See Higher Rates as Next Move | Stocks ...

US stocks: Nasdaq, S&P fall over 1% as Fed holds rates; traders raise hike bets

US stocks tumbled Wednesday as traders anticipated a Federal Reserve rate hike, with policymakers projecting rising interest rates later this year. New Fed Chair Kevin Warsh emphasized taming inflation, shifting…