U.K. stocks higher at close of trade; Investing.com United Kingdom 100 up 0.10%

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• US Fed meeting outcome news: FOMC decides no rate hike - Details

  Central bank officials opted to hold borrowing costs in the 3.75% to 4.00% range to evaluate further inflation data before making additional moves. The strategic pause comes less than a week before pivotal U.S. midterm elections, where voters are increasingly focused on heightened living costs. Policymakers are navigating renewed price pressures fueled partly by recent crude oil market surges.

  1 min read
• Fed holds rates steady despite concerns over inflation

  Central bank officials chose patience despite persistent inflation and an upgraded outlook that now describes economic activity as expanding at a strong pace. The decision arrived amid political friction, as the White House advocates for much lower borrowing costs while attempting to oust one of the policymakers. Investors are now watching for further economic data ahead of a potential December policy tightening.

  3 min read
• Chip stocks on the fly! AMD, Micron among shares gain up to 5% as SK Hynix’s earnings boost AI trade

  Strong quarterly results from major semiconductor manufacturers have renewed investor confidence in artificial intelligence infrastructure spending worldwide. South Korean suppliers provided the initial catalyst, sparking widespread buying across European and American component developers. The momentum reflects persistent appetite for advanced hardware despite lingering market debates over the massive capital outlays required to sustain modern computing networks.

  3 min read