The Economic Times

Fed holds rates steady: here's how markets react S&P hits record, Nasdaq rises, Dow flat, Treasury yields up, US dollar rebounds, and USD/JPY gains

Fed meeting today: The US Federal Reserve has kept its key interest rate unchanged at 3.50% to 3.75%. Policymakers voted 10-2 to maintain the current rate. Strong economic growth and high inflation are cited as reasons for the decision. Future rate adjustments will depend on incoming economic data. The US Dollar saw support, while equity markets showed mixed movements.