Markets Steady as Fed Maintains Rates Amid Middle East Tensions

The Federal Reserve maintains its expectation of 50 basis points in rate cuts this year amid upward revisions in unemployment and inflation forecasts, influenced by tariffs and geopolitical tensions. The S&P 500 reacts cautiously, wavering after Powell's comments emphasizing economic resilience and the uncertain impact of tariffs on inflation. Market expectations for rate cuts remain low in the short term, with the stock market showing slight gains as investors await further economic data and Fed guidance.