Key Points The Federal Reserve raised its benchmark interest rate on Wednesday. The move could impact the pace of AI infrastructure scaling. 10 stocks we like better than Space Exploration Technologies › The U.S. Federal Reserve raised key interest rates as expected on Wednesday. Higher-than-expected inflation numbers for August pushed most analysts to suspect a rate hike was likely. With its first rate hike since 2023, the Federal Reserve hopes to curb spending and prevent inflation from rising further. The downside is higher borrowing costs. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005.
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