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Wall Street moves past the Fed pause and back to tech earnings and AI

By Diego Almada Lopez

The Fed held rates at 3.75% to 4% in a 10-2 vote, and Wall Street turned to tech earnings and an AI rebound led by the Nasdaq. The post Wall Street moves past the Fed pause and back to tech earnings and AI appeared first on Crypto Briefing.

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Federal Reserve

The central bank of the United States, which sets US interest rates and supervises banks.

Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Quarterly results

A public company's report of its revenue, profit and outlook for a three-month period.

Results show how a business is really doing and often move its share price sharply.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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