The Federal Reserve held its key interest rate steady, as expected, despite higher inflation and two dissenting votes. Fed Chairman Kevin Warsh said policy is working and that financial conditions have tightened for AI financing. Futures markets still price in a strong likelihood of additional 25-basis-point rate hikes in December and March, though odds fell slightly. The S&P 500 remained slightly higher after the policy statement and news conference.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.
