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<\/p>\n <\/p>\n
\n Stocks were little changed Wednesday after the Federal Reserve\u2019s decision to hold interest rates steady.\n <\/p>\n
\n The Dow closed higher by 12 points, or 0.02%. The S&P 500 edged lower by 0.01%, closing at 6,978 points after briefly crossing 7,000 for the first time ever earlier this morning. The tech-heavy Nasdaq Composite gained 0.17%.\n <\/p>\n
\n Fed Chair Jerome Powell in an afternoon press conference said economic growth is solid and signaled the central bank would assess future rate decisions on a meeting-by-meeting basis, maintaining its dependence on economic data.\n <\/p>\n
\n \u201cThe message: the Fed is comfortable on pause \u2026 and could stay there for a while as it looks to confirm that the labor market is in the process of stabilizing, police the tariff-driven inflation peak still to come and assess the impact of fiscal stimulus from coming tax refunds,\u201d Krishna Guha, vice chairman at Evercore ISI, said in a note.\n <\/p>\n
\n The US dollar index was up 0.18%, pausing a recent slide that had put it at its lowest level in four years. Treasury yields, which rise when bonds fall, were slightly higher.\n <\/p>\n
\n While the stock market was quiet, precious metals \u2014 considered havens amid uncertainty \u2014 soared higher, continuing a recent surge.\n <\/p>\n
\n Gold was up 5.4% and hit an all-time high above $5,350 a troy ounce. Gold was up roughly $275, its largest single-day dollar gain on record. Gold was set for its biggest single-day percent gain since 2020.\n <\/p>\n
\n Silver soared 10% and traded around $116 a troy ounce. Silver is up roughly 65% so far this year and on pace for its best month since 1979.\n <\/p>\n
\n \u201cA reasonable base case is that the Fed takes up 1-2 more cuts, but that process is likely to begin toward the middle of the year,\u201d Jason Pride, chief of investment strategy and research at Glenmede, said in a note.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Stocks were little changed Wednesday after the Federal Reserve\u2019s decision to hold interest rates steady. The Dow closed…\n","protected":false},"author":2,"featured_media":435545,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,3,21,19,22,20,25,24],"class_list":{"0":"post-435544","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-america","9":"tag-news","10":"tag-united-states","11":"tag-united-states-of-america","12":"tag-unitedstates","13":"tag-unitedstatesofamerica","14":"tag-us","15":"tag-usa"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/435544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=435544"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/435544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/435545"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=435544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=435544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=435544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}