FX.co ★ US Futures Steady After Fed Holds Rates, Signals Caution

On Thursday, US stock futures remained largely unchanged following the Federal Reserve's decision to maintain current interest rates. The Fed also highlighted potential rising risks related to inflation and unemployment. Federal Reserve Chair Jerome Powell struck a cautious note, pointing to ongoing uncertainties and indicating that there is no immediate plan to lower rates without more definitive economic data signals. He also dismissed the possibility of a preemptive rate cut in anticipation of President Donald Trump's tariffs' potential impact. In regular market activity on Wednesday, the Dow Jones Industrial Average increased by 0.7%, the S&P 500 rose by 0.43%, and the Nasdaq Composite went up by 0.27%. Nvidia, a prominent entity in the AI sector, saw its shares increase by 3.1%, following Bloomberg's report on the Trump administration's intention to ease trade restrictions on semiconductor chips. Additionally, AppLovin experienced a 13% jump in after-hours trading, buoyed by its performance surpassing Wall Street expectations and its announcement to sell its mobile gaming division.