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Christophe Barraud, chief economist / strategist at Market Securities, reports that U.S. Federal Reserve officials remain divided and have chosen to hold interest rates steady. Fed Chair Jerome Powell will continue to serve as governor.
Barraud recently noted that U.S. equities were heading into a critical week shaped by major tech earnings and a Federal Reserve meeting. He also reported that OpenAI missed key revenue and user targets ahead of its planned IPO. Both developments contributed to ongoing discussions around growth and central bank policy.