US stocks fall after rate increase

The U.S. stock markets closed significantly lower following the Federal Reserve's decision not to raise interest rates, despite expectations of an increase later in the year. The Fed chair indicated the need to curb inflation. The S&P 500 fell by 1.19%, closing at 7,421.76 points; the Nasdaq declined by 1.32% to 26,027.21 points; and the Dow Jones dropped by 0.96% to 51,494.99 points. Market observers expect a rate hike by the end of 2026, with nine officials anticipating at least one increase during that period.

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