US Federal Reserve

Alphabet gets punished for AI spending. Microsoft gets rewarded. Oil's at $115 and central banks are cornered. Paul Chew from Phillip Securities unpacks the $400 billion AI reality check and the one i...

His plan for fewer interest rate decisions each year may signal a shift to a less predictable Fed

There will be nine rate-setting meetings in 2027, instead of the usual 10

There may be further monetary tightening in countries where currencies are under pressure

The US central bank will maintain its benchmark interest rate within the current 3.75% to 4% range

The pound is down 0.1% to US$1.328 and 0.2% lower versus the euro

Fed decision will be watched for clues on the policy outlook

Recent sell-off in AI-related stocks helping to push gold to its lowest since mid-July

Corporate earnings this week, including from Alphabet, will test the broader market story