Stocks Sharply Lower on Iran War and Hawkish Powell

The Fed boosted its 2026 US GDP forecast to 2.4% from 2.3% and raised its 2026 US core PCE projection to 2.7% from 2.5%.As expected, the FOMC voted 11-1 to keep the fed funds target range unchanged at 3.50% to 3.75% and said, "US economic activity has been expanding at a solid pace, and inflation remains somewhat elevated."US Feb PPI final demand rose +0,7% m/m and +3.4% y/y, stronger than expectations of +0.3% m/m and +3.0% y/y. Feb PPI ex-food and energy rose +0.5% m/m and +3.9% y/y, stronger than expecta ...