US equities fell sharply Wednesday after the Federal Reserve kept rates unchanged. The Dow dropped 1.64% to 46,224.62, losing 768 points, while the S&P 500 and Nasdaq fell 1.36% and 1.46%, respectively. Fed Chair Jerome Powell expressed concern over inflation progress, prompting fears of delayed rate cuts amid rising oil prices. Brent crude reached $104/barrel, WTI near $98, following attacks on Iranian energy facilities. Wholesale inflation rose 0.7% month-over-month in February. Fed governor S

US equities fell sharply Wednesday after the Federal Reserve kept rates unchanged. The Dow dropped 1.64% to 46,224.62, losing 768 points, while the S&P 500 and Nasdaq fell 1.36% and 1.46%, respectively. Fed Chair Jerome Powell expressed concern over inflation progress, prompting fears of delayed rate cuts amid rising oil prices. Brent crude reached $104/barrel, WTI near $98, following attacks on Iranian energy facilities. Wholesale inflation rose 0.7% month-over-month in February. Fed governor Stephen Miran dissented, favoring a rate reduction, but the 2026 rate-cut forecast remained unchanged.