U.S. stock and bond prices, Powell is holding a press conference

The three major U.S. stock indices all turned negative, with the Philadelphia Bank Index's gains narrowing to 1.6%.

The yield on the U.S. 10-year Treasury rose by 1 basis point, returning above 4.4%. It had plunged to 4.3377% at 02:00 Beijing time when the Federal Reserve's interest rate decision statement and Summary of Economic Projections (SEP) were released, hitting a new daily low.

The yield on the U.S. 2-year Treasury narrowed its decline to less than 1 basis point, approaching 3.95%, after dropping to nearly 3.88% at 02:00, marking a new daily low.

The yield spread between the 2-year and 10-year U.S. Treasuries maintained an increase of 1.6 basis points.

Spot gold fell again by over 0.3%, approaching $3,375 and hitting a new daily low of $3,370.75 at 10:31