Media Stocks, Broader Markets Rebound As Fed Forecasts Two Interest Rate Cuts In 2025

deadline.com:

Shares rose across the board Wednesday, extending gains later in the session after the Federal Reserve weighed in at the close of its two-day March meeting.

The central bank left key interest rates unchanged, as expected. Happily for the markets, it also stuck to its previous guidance of two rate cuts this year.

It anticipated higher inflation — in large part due to tariffs — and slower economic growth. Fed chair Jerome Powell said the tariff impact on prices could be “transitory” and that the risk of recession is low.

That said, “There are so many things we don’t know,” he told reporters at a press conference today, and “uncertainty is remarkably high.” Media and tech stocks closed in the green pretty much across the board led by Roku (up 7%), Imax (up 6%), Warner Bros Discovery (up 5%) and a few others that outpaced the broader market.