Markets brace for Fed decision as AI stocks rebound

· Economy · United States

Gold held above $4,000 an ounce as traders awaited a Federal Reserve decision this week expected to keep interest rates steady. US stock futures were little changed after Wall Street's major averages posted solid gains, helped by Anthropic's IPO filing reviving enthusiasm for AI. After hours, Whirlpool plunged after cutting its full-year outlook for the third time this year and forecasting its first annual loss in decades, JetBlue reported a bigger loss on fuel costs, and Nucor beat estimates on higher steel prices. Investors are weighing whether the AI trade can hold through megacap earnings and the Fed's rate call.

Why it matters：The Fed's stance and AI-driven earnings will set the tone for global risk assets into year-end.

Key points

  • The Fed is expected to hold rates steady.
  • Whirlpool cut its outlook for the third time this year.
  • Gold traded above $4,000 an ounce.

Sources (original reporting)

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