WS #13004

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Fed holds rates 3.50%-3.75% in 9-3 vote; three dissents (Hammack, Kashkari, Logan) favor hike; swaps price ~60-75% chance of September hike; Warsh press conference ongoing. OpenAI announces free AI access for 100,000 researchers; CEO Sam Altman to meet White House Chief of Staff Wiles ahead of AI framework deadline. KOSPI drops ~40% from peak, losing ~$2.18 trillion; finance minister apologizes for single-stock leveraged ETFs; AI-driven chip selloff continues. Apple stock notches all-time highs as investors position ahead of Q3 earnings.

Fed holds rates with hawkish dissent

Fed holds rates 3.50%-3.75% in 9-3 vote; three dissents (Hammack, Kashkari, Logan) favor hike; swaps price ~60-75% chance of September hike; Warsh press conference ongoing.

OpenAI announces free AI access for 100,000 researchers; CEO Sam Altman to meet White House Chief of Staff Wiles ahead of AI framework deadline.

KOSPI drops ~40% from peak, losing ~$2.18 trillion; finance minister apologizes for single-stock leveraged ETFs; AI-driven chip selloff continues.

Apple stock notches all-time highs as investors position ahead of Q3 earnings.

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