Fed meeting: Dow Jones ends more than 300 points lower after Powell says March rate cut unlikely
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The Dow Jones ended more than 300 points lower after Federal Reserve Chairman Jerome Powell stated that a rate cut in March is unlikely. The Fed's interest-rate decision and Powell's news conference were closely watched by the markets. The meeting took place on January 31, 2024. The market reaction to Powell's comments resulted in a significant drop in the Dow Jones. The article provides live coverage of the Fed meeting and includes information on the impact of Powell's statements on the stock market.

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https://www.marketwatch.com/livecoverage/fed-meeting-s-p-500-futures-slip-as-investors-juggle-megacap-earnings-fomc-decision