The FOMC held interest rates steady in Kevin Warsh’s first meeting as Fed Chair, while crude oil prices fell after the U.S. and Iran signed a memorandum of understanding. The combination supported a continued rally in semiconductor stocks and broader risk assets. The article points to a risk-on backdrop driven by stable monetary policy and easing oil prices.
The FOMC held interest rates steady in Kevin Warsh’s first meeting as Fed Chair, while crude oil prices fell after the U.S. and Iran signed a memorandum of understanding. The combination supported a continued rally in semiconductor stocks and broader risk assets. The article points to a risk-on backdrop driven by stable monetary policy and easing oil prices.
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mildly positive
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