The US Federal Reserve (Fed) has left rates unchanged, with Chair Jerome Powell warning of higher inflation ahead and stating it is too early to assess the impact on the economy on the impact of the war on the industry. The Fed also maintained its previous forecast of a 25-basis-point rate cut this year. The Dow E-minis were down 135 points, S-P 500 E-mandelis were also down 22.25 points, or 0.34%, and Nasdaq 100 E-mutually down 118.25.