Stocks are flat, as the Fed’s latest forecast flirts with stagflation

• Stocks finished the day flat, after a strong morning and a topsy-turvy afternoon. The day’s news was dominated by the Federal Reserve. Its interest rate decision was largely a formality, instead, its economic projections took center stage as investors looked for clues about how to navigate the rampant uncertainty.

All eyes were on the Federal Reserve on Wednesday. 

Interest rates were largely a settled matter. Instead, investors turned their attention to the Fed’s economic forecasts for the year.