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Dow, S&P 500, Nasdaq edge up as oil tops $100 again, Fed meeting kicks off
Just as inflation pressures were easing, the surge in energy prices is complicating the global outlook for the Federal Reserve and other major central banks that were preparing to move toward interest rate cuts. The Fed begins its two-day meeting on Tuesday, with its second policy decision of the year and comments from Chair Jerome Powell to follow on Wednesday. Expectations for near-term rate cuts have eased, and markets are pricing in 99% odds of rates remaining at current levels, according to CME FedWatch.
On the corporate front, investors are parsing the information out of Nvidia's (NVDA) highly anticipated GTC event. Jensen Huang, the CEO of the global chip behemoth, announced a slew of deals and said the company sees $1 trillion in chip sales through the end of 2027.
Daily Market Coverage Mar. 17, 2026 3PM-5PM (ET) | Yahoo Finance
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