Stock markets held steady as investors trimmed their bets on future interest-rate hikes after Warsh declined to offer guidance on the central bank's next move. The uncertainty prompted traders to reassess how quickly borrowing costs might climb.
Overseas stocks regained some of their recent losses, offering a modest lift to global sentiment. Gains were uneven across regions, with many investors still cautious about the path ahead for monetary policy.
Anxieties about artificial intelligence continued to weigh on sentiment, even as broader indexes stabilized. Investors appear torn between enthusiasm for AI-driven growth and concern about valuations and the pace of spending in the sector.
The mixed signals left markets in a holding pattern, with many participants waiting for clearer direction from policymakers and fresh economic data before committing to larger positions.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing