Finance

In the first policy meeting led by Chairman Kevin Warsh, the Federal Reserve maintained interest rates at 3.5% to 3.75% but removed previous forward guidance. Updated economic projections revealed a significant shift, with nearly half of policymakers now forecasting a rate hike by the end of 2026 to combat persistent inflation.

Technology stocks led the market's recovery, with the Nasdaq jumping nearly 2% during Thursday's session. Intel saw significant gains following reports of a partnership with Apple to manufacture chips domestically, while other semiconductor firms like Qualcomm and Broadcom also posted strong rallies.

U.S. crude oil prices fell more than 3% to approximately $74 per barrel as concerns over Middle East supply disruptions diminished. Simultaneously, Treasury yields eased from their recent peaks, with the 10-year note retreating to 4.44% as investors processed the balance between hawkish central bank signals and improved geopolitical stability.