The Federal Reserve held interest rates steady at 3.5 to 3.75 percent, with three officials dissenting in favor of an immediate hike. Fed Chairman Kevin Warsh, described as a sock puppet leading a very boring Fed meeting, recommitted to the 2 percent inflation target and offered no forward guidance. The Dow lost 1,153 points, oil jumped more than 7 percent, and Treasury yields surged, while bitcoin held around $64,000. The 30-year yield passed 5.2 percent, its highest level since the 2007 subprime crisis.