K-SignalAI-generated
Fed holds rates, keeps hike option open
The U.S. Federal Reserve kept its key interest rate unchanged at about 3.9 percent on Wednesday, Oct. 28, despite elevated inflation, after last month's quarter-point hike. Fed Chair Kevin Warsh said inflation is "still too high" and left the door open for further rate increases, noting the effect of last month's hike has begun to show. Yonhap reports the Fed held its key rate steady, while the Korea Times notes the decision came as inflation accelerated due to oil and gas price spikes from the Iran war. Korean stocks opened sharply higher Wednesday, tracking Wall Street gains on AI-driven semiconductor earnings ahead of the Fed decision, and Seoul stocks had opened lower Monday on oil price concerns.
- US Fed keeps rates unchanged despite elevated inflation, gives little signal of next move
- (URGENT) Fed holds key interest rate steady after last month's quarter-point hike
- Federal Reserve likely to skip rate hike despite elevated inflation
- (LEAD) Fed holds key interest rate steady after last month's quarter-point hike
- (2nd LD) Fed holds key interest rate steady; Warsh says inflation 'too high'
- “인플레이션 여전히 높아”…워시, 추가 금리 인상 가능성 열어둬
- Seoul stocks open sharply higher on revived AI optimism, SK hynix earnings
- Seoul stocks open lower ahead of earnings reports, Fed decision
