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Fed Maintains Rates; Warsh Outlines Economic Views and Policy Direction
The Federal Reserve voted Wednesday to hold its benchmark interest rate steady. During the subsequent press conference, Chairman Kevin Warsh detailed his thinking on the U.S. economy, monetary policy, and disclosed some procedural changes ahead. Analysts noted the Fed's preference for patience amid geopolitical uncertainties, with some expecting a December hike despite the current hold.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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South Korea's KOSPI index rose 5.18% from its previous close, now at 5,930.51.
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SK Hynix is up 6.86% from its previous close, now trading at ₩1,433,000.
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SK Hynix is up 5.26% from its previous close, now trading at ₩1,411,500.
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Veir completes $110 million Series C funding round
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Bloomberg: Prices for "super metals" used in nuclear energy, semiconductors, and other fields are soaring, with Freeport, the world's largest producer, considering increasing output.
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SK Hynix's third-quarter operating profit exceeded expectations, primarily driven by strong demand for AI chips, and the company also announced a share buyback.
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