The Fed kept its 3.75%-4% target range and changed its meeting schedule, while Alphabet results disappointed. Nasdaq 100 futures fell 1.2%, according to Stocktwits.
The Federal Reserve held its key rate at about 3.9% on Wednesday as inflation stays elevated, with two officials backing a further hike, Moody's reports.
The Federal Reserve kept rates unchanged while two dissenters wanted a hike. The 10-year Treasury yield rose to 5.044% as US stocks ended mostly higher.
Federal Signal has completed its purchase of Global Vacuum Systems for roughly $29 million, expanding its vacuum truck lineup and manufacturing capacity.
Reuters reports the Fed kept its key rate steady under Chair Kevin Warsh, and traders now price an 87.4% chance of a December increase, per CME FedWatch.
Fed Chair Kevin Warsh said next year's strategy-focused meeting will not come with a traditional policy statement; format still unannounced, WSJ reports.
Fed Chair Kevin Warsh said inflation has barely moved toward the 2% target since May and that the central bank is still working on it. He gave no timeline.
The Federal Reserve's post-meeting statement now describes U.S. economic activity as expanding at a “strong pace,” up from “solid,” the Wall Street Journal reports.
The Federal Reserve kept rates unchanged as Lisa Cook and Beth Hammack dissented in favor of a hike, lifting the 10-year Treasury yield to 5.04%, per Market Talk.
The Federal Reserve left rates unchanged and two officials dissented; per Market Talk, the Dow edged up while the Nasdaq slipped into negative territory.