Finance

U.S. stock indexes turned sharply lower following the central bank's policy announcement, with the Dow Jones Industrial Average dropping roughly 600 points. Investor anxiety intensified as the Fed's updated projections signaled that officials anticipate additional rate increases.

The 10-year Treasury yield surged past the 5% threshold, reaching heights not seen since the global financial crisis. Concurrently, energy markets remained highly volatile, with benchmark crude oil futures stubbornly trading above $100 per barrel following supply disruptions.

Digital assets faced heavy selling pressure after the U.S. Senate failed to pass a crucial procedural vote for the CLARITY Act, a proposed crypto regulatory framework. The legislative stall, combined with macroeconomic tightening, sent Bitcoin down toward the $75,000 level and caused double-digit declines for altcoins like XRP.