Stocks mostly firmer after Fed hold and MSFT beat; BoE set to keep rates unchanged - Newsquawk EU Market Open

Markets were mostly firmer after the U.S. Federal Reserve held rates, even as three dissenters supported a 25 bps hike. Fed Chair Warsh said that if inflation remains elevated, rates could be part of fixing it, while the U.S. dollar faced pressure as expectations for a more hawkish stance weren’t met. Warsh’s comments also triggered a noticeable steepening in the Treasury yield curve. After-hours results included Microsoft up 8.9% and ARM Holdings down 5.7%. In parallel, U.S. CENTCOM said its forces completed a major strike wave against Iran and Jordan intercepted five Iranian-launched missiles. Ahead, investors focus on multiple GDP and inflation releases, including U.K. policy.