Economic Indicators - The U.S. Federal Reserve left interest rates unchanged and raised inflation expectations, while lowering the odds for an interest rate cut this year [1] - The CME FedWatch Tool indicates a 75% probability that the central bank will maintain its current stance until 2026 [1] Market Reactions - Stock traders are beginning to price in stagflation due to a surprisingly high producer prices report combined with the Fed's new stance [2] - The Dow Jones Industrial Average is down 263.15 points (-0.57%), the S&P 500 Index is down 25.37 points (-0.38%), and the Nasdaq Composite is down 96.547 points (-0.44%) [1] Commodity Prices - Brent oil prices surged approximately 3% and WTI increased about 1% following an attack on a liquefied natural gas export facility by Iran [3] Company Performance - Shares of Micron fell at least 2% despite the company tripling its revenue in the most recent quarter, with analysts attributing the decline to profit-taking [4]
S&P500 and Nasdaq 100: Stock Market Hit by Oil Surge, Stagflation Fears
FX Empire·2026-03-19 16:03