US Markets Crash After Federal Reserve Keeps Interest Rates Unchanged; Dollar Index and Crude Oil Update

Global markets experienced massive volatility following the US Federal Reserve's decision to keep benchmark interest rates unchanged at 3.5%-3.75% during its two-day policy meeting.

Key Highlights:
- Market Crash: Disappointed by the lack of rate cuts amidst stubborn inflation above the 2% target, Wall Street indices plunged sharply. The Dow Jones tumbled 1,153 points (2.19%) to close at 51,594; Nasdaq dropped 434 points (1.74%) to 24,443; and the S&P 500 fell 112 points (1.52%) to 7,316.
- Dollar and Bonds: The US Dollar Index remained weak, sliding below 101 for the second consecutive day, while 30-year bond yields crossed 5.2%, hitting their highest level since 2007.
- Crude Oil Spike: Amid renewed Middle East tensions, Brent crude prices surged back up to touch the USD 90 per barrel mark, escalating global inflation concerns.