Stock market today: Dow, S&P 500, Nasdaq losses accelerate after Fed decision as Powell touts inflation worries

The Federal Reserve's decision to hold interest rates steady, coupled with Chairman Powell's emphasis on inflation concerns, has accelerated losses in the Dow, S&P 500, and Nasdaq. This development suggests a risk-off sentiment in the market, potentially impacting various asset classes. The Fed's stance indicates a cautious approach to monetary policy, which may have broader implications for the economy and financial markets.