Federal Reserve Chair Jerome Powell announced no change in interest rates, eliminating fears of stagflation and impacting the economy's outlook. The stock market's response was mixed; while the Dow Jones Industrial Average gained modestly, the S&P 500 and Nasdaq initially surged by over 5% but ended the day slightly below their starting points

Fed chair Jerome Powell: No sign of stagflation in US economy | NBC News

S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference | Reuters
Fed meeting: Dow ends up slightly after Fed rate decision; Powell says next move unlikely to be rate hike | MarketWatch