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Fed Holds Rates at 3.75%–4% After October

By Drooid · · How we work

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  • The Federal Reserve kept its short-term rate target at 3.75%-4% after the October meeting.
  • Fed Chairman Kevin Warsh reiterated the 2% inflation target and warned against a soft target.
  • SK Hynix posted soaring quarterly revenue and profit, lifting its U.S.-listed shares over 12.5%.
  • Micron’s stock rose nearly 6%, extending a four-session winning streak.
  • Apple launched a touchscreen MacBook Pro starting at $2,899, above the $1,999 non-touch model.