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The Federal Reserve FOMC will keep the federal funds target range at 3.75%–4.00%, with the decision passing by 10 votes in favor and 2 votes against. Two officials advocated a rate hike of 25 basis points.
PANews Morning Brief said that the Nasdaq Composite Index 100 rose overnight 1.29%and returned above the 100 day moving average;AI hardware earnings exceeding expectations drove a technology-sector rebound; the Federal Reserve’s interest-rate decision and earnings reports from several technology companies are about to be released.
PANews reports that the Federal Reserve's FOMC meeting began on Tuesday local time, with the latest rate decision to be announced early Thursday morning Beijing time 02:00; the market generally expects it to remain at 3.75%–4.00%。
The Bank of Korea kept the policy rate at 3%unchanged, in line with market expectations; it had previously raised rates at July and August two consecutive meetings.