The US Wall Street market showed a balanced movement after recording negative declines yesterday.
Dow Jones futures fell 0.10%, S&P 500 declined 0.03%, while the technology-focused Nasdaq rose 0.13%.
All major indexes traded flat as the Federal Reserve (Fed) kept interest rates unchanged at 4.25%-4.50%, in line with expectations during the FOMC meeting at 2:00 am today.
In the statement, policymakers maintained their forecast for two rate cuts this year, but more and more expect no cuts. They also forecast only a quarter-point cut for 2026 and 2027.
Fed Chairman Jerome Powell stressed that goods price inflation will rise throughout the summer as President Donald Trump’s trade tariffs begin to affect consumers.
Spartan Capital Securities Chief Economist Peter Cardillo said Powell stressed that monetary policy will not be changed while the impact of tariffs on inflation is still uncertain.
The situation of war tensions between Israel and Iran is escalating after Iranian Supreme Leader Ayatollah Ali Khamenei rejected Trump's demand for unconditional surrender.
Trump told his aides on Tuesday that he had approved an attack on Iran, but was temporarily holding off to give Tehran a chance to withdraw from its nuclear program.
Trump also said that an attack on Iran was still under consideration, and he also claimed that Iran had shown interest in talking.
Investors are now monitoring developments in the Middle East, as well as worrying about US military involvement in the conflict.
