CNBC·4 min read·hard
S&P 500 futures are flat as oil prices jump, traders brace for Fed decision: Live updates - CNBC
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Sarah Min, Hugh Leask, Lee Ying Shan, Alex Harring
✦AI Summary
U.S. stock markets experienced a significant decline as investors reacted to the Federal Reserve's decision to hold interest rates steady. Concerns over inflation and rising oil prices, fueled by geopolitical tensions in the Middle East, further pressured the market.
Stocks tumbled for a myriad of reasons Wednesday, but mostly because the bond market signaled the Federal Reserve could be falling behind on the inflation fight as the central bank chose to keep interest rates unchanged.
businesseconomypolitics
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