XAR is trading 3.1% down today as a hawkish Federal Reserve outlook and rising oil prices weigh on the industrials sector.

  • The Federal Reserve held rates at 3.50%-3.75% and signaled only one rate cut for 2026, citing persistent inflation risks.
  • Brent crude prices jumped above $115/barrel following Iranian strikes on energy infrastructure, triggering a risk-off move across equities.
  • The broader market is under pressure, with the S&P 500 and Dow Jones dropping 0.7-0.9% amid escalating geopolitical tensions.