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Dow Drops 400 Points, S&P 500 Falls 1% After Fed Meeting Ends
Barrons.com52d agobearish
Dow Drops 400 Points, S&P 500 Falls 1% After Fed Meeting Ends

Stocks fell to session lows after Kevin Warsh wrapped up his first press conference as Fed chairman. The Dow fell 410 points, or 0.8%. The S&P 500 fell 1.1%. The Nasdaq dropped 1%. Warsh signalled big changes could be coming to how the central bank communicates, but he mostly said changes will be made after convening various task forces.

Stocks Fall as Warsh Downplays Market Reaction
Barrons.com52d agobearish
Stocks Fall as Warsh Downplays Market Reaction

Stocks were lower again as Kevin Warsh didn’t seem particularly interested in the market’s reaction to his first press conference as Fed chairman. “This is a lot of change for financial markets to digest,” Warsh said, referring to efforts to reshape the central bank. Warsh said he plans to form task forces to better deliver on the Fed’s goals.

Stocks Gain Steam After Warsh Downplays Rate-Hike Forecasts
Barrons.com52d agoneutral
Stocks Gain Steam After Warsh Downplays Rate-Hike Forecasts

Asked about the dot plot, which included nine committee members that penciled in higher rates by the end of the year, Kevin Warsh pointed out that he saw they were written in pencils, rather than pen. Warsh said he did not submit a dot, and said there will be a review of communications broadly, including dots and press conferences.

Stocks Remain Lower After Warsh Begins First FOMC Press Conference
Barrons.com52d agoneutral
Stocks Remain Lower After Warsh Begins First FOMC Press Conference

Stocks remained lower after Federal Reserve Chairman Kevin Warsh began his first press conference in the role. The Nasdaq was down 0.5%. Warsh began by saying he was welcomed by fellow bankers, who he says he’s listened closely to for “a lot of new ideas, new thinking, and genuine interest in moving the Fed forward.”

Fed Projects No Rate Cuts in 2026, Sees Hikes in 2027
Barrons.com52d agobearish
Fed Projects No Rate Cuts in 2026, Sees Hikes in 2027

Fed policymakers now see no interest rate cuts in 2026 after previously projecting one cut for this year back in March. Officials estimate their target range for the federal-funds rate will be 3.8% at the end of 2026, unchanged from its current level, according to the so-called "dot plot" from the Fed's latest Summary of Economic Projections released Wednesday. Notably, nine officials projected the Fed’s benchmark interest rate to be higher than it is today by the end of the year.

US stocks open higher, spotlight on Fed
Reuters52d agoneutral
US stocks open higher, spotlight on Fed

June 17 (Reuters) - The main U.S. stock indexes opened higher on Wednesday, as chip stocks rebounded ahead of the first interest rate decision under new Federal Reserve Chair Kevin Warsh.

Tesla Stock Is Down. An Argentina Charger Deal Won’t Help.
Barrons.com52d agoneutral
Tesla Stock Is Down. An Argentina Charger Deal Won’t Help.

Tesla stock is down early Wednesday. Shares of the electric-vehicle maker were down 0.3% in premarket trading at $404.66, while futures were up 0.1% and futures were down 0.1%. The move came despite Argentina’s energy company, YPF and Tesla signing a memorandum of understanding to explore the development of a fast-charger network.

Nasdaq Futures Rising as Iran Peace Deal Boosts the Market Ahead of Fed Decision
Barrons.com52d agoneutral
Nasdaq Futures Rising as Iran Peace Deal Boosts the Market Ahead of Fed Decision

Stocks were on track to rise Wednesday after more details about the U.S.-Iran peace deal leaked, bolstering hopes that the two countries are on the brink of reaching an agreement to end the war in the Middle East. Futures tracking the tech-heavy Nasdaq 100 gained 0.5%, while S&P 500 futures added 0.1%. The market looked set for a broader rally on Wednesday after The Wall Street Journal reported that the U.S. would allow Iran to immediately begin selling oil and fuel under the deal to end the war, citing people familiar with the agreement.