December hike still in question

The Federal Reserve holds rates steady, but Chair Kevin Warsh keeps the door open to a December hike. Alphabet shares tumble as investors question another quarter of heavy AI spending, while Microsoft and Oracle win praise for a more disciplined approach. And the European Central Bank faces growing pressure from French debt worries and soaring gas prices.

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Today's recommended read: Biggest market impact of US midterms may be 2028 countdown (reuters.com/commentary/reuters-open-interest/b…) by Mike Dolan

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