Stocks rise after Fed decision to keep rates steady, anticipate two cuts

From Nasdaq: 2025-03-19 16:28:21

Stocks saw gains after the central bank kept interest rates steady but forecasted two rate cuts this year. Federal Reserve Chairman Jerome Powell cited economic uncertainty due to tariffs but emphasized a strong economy. The Dow, Nasdaq, and S&P 500 all closed in positive territory. In other news, Adobe aims for 100% revenue influenced by generative AI, Starboard Value has a $500 million stake in Autodesk, and sentiment shifts in the market. Oil prices rose alongside rising commercial crude inventories, while gold futures remained near all-time highs.



Read more at Nasdaq: Stocks Lock In Gains After Fed Decision, Powell Comments