News

(Bloomberg) -- Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, caught between mounting concerns that the economy is slowing and inflation could remain stubbornly high.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe Scary Thing About the Wildfire That Was StoppedA Malibu Model for Residents

Shares of airline company United Airlines Holdings (NASDAQ:UAL) jumped 6.4% in the afternoon session as stocks rebounded to start the session amid continued market volatility and moved slightly higher after the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown."

Shares of cryptocurrency exchange Coinbase (NASDAQ:COIN) jumped 6.8% in the afternoon session as stocks rebounded to start the session amid continued market volatility and moved slightly higher after the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown." The good news is that holding rates steady and signaling two additional cuts t

Shares of energy drink company Celsius (NASDAQ:CELH) jumped 5.7% in the afternoon session as stocks rebounded to start the session amid continued market volatility and moved slightly higher after the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown."

Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) jumped 5.8% in the afternoon session as stocks rebounded to start the session amid continued market volatility and moved slightly higher after the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown."

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE) are up 2.9%, 7.3%, and 3%, respectively, as of 2:30 p.m. ET. The S&P 500 is up 0.8% and the Nasdaq Composite is up 1.1%. All three cryptocurrencies got a boost from news that the SEC's appeal in its case against XRP would be dropped, a major step that confirms the Trump administration's softer approach to crypto regulation, boosting the whole market.

The Federal Reserve’s dot plot showed that officials still see two more rate cuts coming in 2025, despite a more pessimistic outlook for the economy.