Share prices in the U.S. went up a little on Wednesday. This happened because the central bank did not change interest rates, like many people thought. But the bank also said there are more risks for the U.S. economy.

The stock market got better. The S&P 500 went up a little after two days of going down. The Dow Jones increased by 284 points, and the Nasdaq also went up a bit.

Stock markets changed a lot during the day. The Dow went up by 400 points for a short time. This was because people hoped the US and China would start talking about a trade agreement. A trade agreement could help the world economy. The US and China are the two biggest economies. They have been putting more taxes on each other's products. This is like a trade fight. People are worried this fight could cause money problems for everyone. This could happen if they don't let products move more easily between them.

News about talks between the U.S. and China this weekend made people more hopeful, but this feeling lessened when President Trump said he would not lower taxes on Chinese products. China wants the U.S. to lower these taxes before they have trade talks.

When people were not sure about the taxes on goods from other countries, the U.S. economy changed a lot. For example, people bought many things from other countries very fast to avoid paying more taxes later. Even though the economy changed and people felt less positive about the future, the main bank in the U.S. said the economy was still doing well.

The head of the US central bank, Jerome Powell, said they can wait before changing interest rates. This is true even though President Trump wants faster cuts to help the economy.

Powell said, "We don't know many things." So the Fed and others are waiting to see what really happens with Trump's trade problems and if his taxes on goods, which were much higher than people thought, will work as he wanted.

Powell said this is especially true now because the trade war seems to be changing, and the US is talking more about trade with other countries.

The central bank also said it knows that the economy is facing more problems because of the taxes on imported goods. These taxes might make it harder for people to get jobs and could also cause prices to increase.

Powell said if taxes stay high, things will likely cost more, the economy will not grow as fast, and more people will be jobless.

This could lead to a bad situation called "stagflation." This means the economy is not growing, but prices are still high. It is a difficult problem because the government does not have simple ways to fix it. If they lower interest rates to help the economy and jobs, prices might go up more. If they raise interest rates, it would have the opposite effect.

While we wait, big American companies are making more money at the start of 2025 than people who study businesses thought.

The Walt Disney company's shares went up a lot, over 10%. This happened because they made more money than expected, said they will make more money in the future, and got over a million new people to use their streaming service.

But companies are also saying that it is hard for them to know what will happen with their money because the economy is not stable.

The company Marvell Technology's shares went down 8% because they changed the date of their meeting with investors. They moved it from June to a time they don't know yet. They did this because they are not sure about what will happen with the economy.

The S&P 500 went up by 24.37 points to 5,631.28. The Dow Jones Industrial Average also went up by 284.97 points to 41,113.97. And the Nasdaq composite went up by 48.50 to 17,738.16.

After the Fed said something, the interest rates on government bonds went down. The interest rate on the 10-year government bond went from 4.30% to 4.27%.

In Europe, most markets went down, but markets in Asia went up.