The Federal Reserve kept interest rates unchanged despite three dissenting votes from regional presidents favoring a hike, with inflation at 3.5% versus a 2% target. Tariffs added roughly $1,000 in costs to the average U.S. household last year and are expected to weigh almost as much this year. The Dow Jones fell 2.2%, or 1,100 points, its worst decline since April 2025, while the 30-year bond yield hit its highest level since 2007. The national debt now exceeds 100% of GDP, with the government owing the equivalent of $113,000 per person, and companies like Meta are doubling capital expenditure despite market volatility.
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