Fed Holds Policy Steady, but Sees Just One Rate Cut This Year

U.S. stocks remain sharply higher, with the Nasdaq ahead 1.7% and the S&P 500 1%. The dollar index remains under pressure, but off session lows and down 0.5%. The 10-year Treasury yield has ticked higher, but remains lower by 12.5 basis points for the day at 4.28%.

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