What did the FOMC meeting decide today?

The Fed kept the policy rate at 3.5%-3.75% and emphasized uncertainty from an oil-driven inflation shock. Powell said it is too soon to gauge the impact. Markets pushed cut expectations from 2026 into 2027, which supports higher yields and weighs on equity valuations, especially long-duration sectors like tech.

How did S&P 500 today react to the fed interest rate decision?

The index traded lower to 6,624.71, down about 1.36%, with volatility elevated. Price is below the 50-day average and near the 200-day, and momentum indicators are weak. This reflects tighter financial conditions as traders delay rate-cut timing, which pressures multiples and favours a cautious, staged buying approach.

What does this mean for Canadian investors holding US equities?

A slower cut path can support the US dollar, affecting CAD returns on unhedged exposure. Consider whether hedged funds fit your goals. Keep some cash for dips, ladder fixed income, and watch oil and core inflation. Sector mix matters, with energy more resilient and rate-sensitive areas under pressure until yields ease.

Which technical levels matter most after the FOMC meeting?

Focus on the 200-day average near 6,612 as first support and the 50-day around 6,878 as resistance. Price is below the Bollinger lower band, signaling short-term oversold. A sustained close back above the 50-day would help momentum. If it fails at the 200-day, further downside and higher volatility are likely.

Global Market Insights

^GSPC Today: March 19 Fed Holds as Oil Shock Delays Rate Cuts

ByHuzaifa Zahoor March 19, 2026March 19, 2026

At today’s FOMC meeting, the Fed kept rates at 3.5%-3.75%, citing an oil-driven inflation shock tied to the US-Israel conflict with Iran. Chair Powell said it is too soon to judge the impact, and markets pushed rate-cut hopes into 2027. The S&P 500 index ^GSPC traded lower, reflecting higher yields and risk repricing. For Canadians, this affects currency moves, sector leadership, and hedging choices. We break down S&P 500 today, the fed interest rate decision, and how a slower cut path could shape Q2 positioning in CAD portfolios.