What the Federal Reserve's rate decision means for investors

Today, the Federal Reserve held interest rates steady, keeping 1 rate cut in play this year as uncertainty mounts. The central bank voted in a split decision on Wednesday to hold its benchmark interest rate in the range of 3.5% to 3.75%. Fed governor Stephen Miran disagreed with the decision, preferring to cut rates by a quarter percentage point. Fed officials acknowledged uncertainty emanating from the war in Iran, stating that "the implications of developments in the Middle East for the US economy are uncertain." Featuring: - Jerome Powell, Federal Reserve Chair - Jennifer Schonberger, Yahoo Finance Fed Correspondent - Josh Lipton, Yahoo Finance Host - Gregory Daco, EY-Parthenon Chief Economist - Stephanie Aliaga, J.P. Morgan Asset Management Global Market Strategist == Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. Connect with us: — Facebook: https://www.facebook.com/yahoofinance — X/Twitter: https://x.com/YahooFinance — Instagram: https://www.instagram.com/yahoofinance/ — TikTok: https://www.tiktok.com/@yahoofinance — LinkedIn: https://www.linkedin.com/company/yahoo-finance See the Latest News & Data: https://finance.yahoo.com/ Get the Yahoo Finance App: — iOS (https://apple.co/3Rten0R) — Android (https://bit.ly/3t8UnXO)