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The Federal Reserve’s dot plot showed that officials still see two more rate cuts coming in 2025, despite a more pessimistic outlook for the economy.

Shares of IT project management software company, Atlassian (NASDAQ:TEAM) jumped 6.4% in the afternoon session after stocks rebounded to start the session amid continued market volatility and moved slightly higher as the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown."

Shares of aI-powered lending platform Upstart (NASDAQ:UPST) jumped 8.1% in the afternoon session after stocks rebounded to start the session amid continued market volatility and moved slightly higher as the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown."

Shares of online home goods retailer Wayfair (NYSE:W) jumped 7.3% in the afternoon session as stocks rebounded to start the session amid continued market volatility and moved slightly higher after the Federal Open Market Committee kept rates at 4.25% to 4.50% in its March 2025 meeting. The Jerome Powell-led committee also hinted at two more rate cuts for the year, saying, "Uncertainty around the economy has grown."

The Federal Reserve held interest rates steady Wednesday as policymakers stay cautious amid the uncertainty of President Trump’s economic policies.

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Shares of Williams-Sonoma dropped Wednesday, extending their 2025 losses, as an outlook that raised the prospect of declining sales offset fourth-quarter results that were stronger than expected.

It’s just the latest instance of the SEC easing up on the cryptocurrency industry during the Trump presidency.

The Federal Reserve maintained its previously expected pace of rate cuts but signaled higher inflation and a slowdown in economic growth for 2025.

Taking stock of the Trump administration's rollout of tariffs, Fed officials actually marked up their outlook for inflation this year, with their preferred measure of price increases expected to end the year at 2.7% versus the 2.5% pace anticipated in December. But the Federal Open Market Committee also marked down the outlook for economic growth for this year from 2.1% to 1.7%, with slightly higher unemployment by the end of this year. Fed Chair Jerome Powell said in post-statement news conference that he had no reason to believe that the U.S. was experiencing 1970s-style high inflation that prompted the Fed to sharply raise rates and induce a deep recession to defeat it.