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How the Nasdaq reacted to the FOMC decision, 18 Mar 2026

Fed Rate Decision (FOMC) · Wednesday 18 Mar 2026, 14:00 ET · Federal Reserve

In the thirty minutes after the FOMC decision on 18 Mar 2026, the Nasdaq 100 swung 0.36% from its high to its low, smaller than the typical 0.50% across all 25 the FOMC decision releases measured here (the 19th largest). It ended the half hour down 0.10% from the release price. By the 16:00 ET close it was down 0.92%, back across the release price from the first five minutes.

Minute by minute

afterNasdaq 100S&P 500usual distance
1 minute+0.10%+0.08%0.15%
5 minutes+0.10%+0.06%0.17%
15 minutes-0.03%-0.02%0.19%
30 minutes-0.10%-0.09%0.20%
1 hour-0.55%-0.51%0.41%
2 hours-0.92%-0.79%0.53%
Swing, first 30 min0.36%0.32%0.50%

Signed moves from the release price, in percent. Usual distance is the median size of the Nasdaq move at that mark across all 25 the FOMC decision releases, without its sign; the swing row compares like with like.

The first hour

+0.56%-0.56%
-15 minrelease+30 min+60 min

The Nasdaq 100 index CFD, one-minute bars, as percent from the last price before the release. Above the centre line is up.

The rest of the day

The first five minutes went up 0.10%. At the 16:00 ET close the Nasdaq 100 was down 0.92% from the release price, so by the measure on the the FOMC decision page this release was a reversal: the close was across the release price from the 5-minute mark. That compares two moments, not the path between them.

← the FOMC decision, 28 Jan 2026 · the FOMC decision, 29 Apr 2026 →
All 25 the FOMC decision releases, the averages and the method →

A record of what happened, not a forecast. Measured on Nasdaq 100 and S&P 500 index CFDs, one-minute bars; see the methodology.

Releases: Core Personal Consumption Expenditures (Core PCE) Consumer Price Index (CPI) Durable Goods Orders Fed Rate Decision (FOMC) Gross Domestic Product (GDP) Housing Starts and Building Permits Import and Export Prices Job Openings and Labor Turnover (JOLTS) New Home Sales Nonfarm Payrolls (NFP) Producer Price Index (PPI) Productivity and Unit Labor Costs Retail Sales Trade Balance (International Trade)