Fed kept rates unchanged at 3.50-3.75%, as expected, in 9-3 vote, while the initial dovish reaction was unwound amid pronounced curve steepening as markets fretted over the lack of clarity on future policy.

Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports. Investors…

Fed holds rates as expected with three hawkish dissenters; Warsh reiterates commitment to price stability and opposition to forward guidance; Trump says "we'll be hitting Iran…