Fed kept rates unchanged at 3.50-3.75%, as expected, in 9-3 vote, while the initial dovish reaction was unwound amid pronounced curve steepening as markets fretted over the lack of clarity on future policy.

(Bloomberg) -- A selloff in chipmakers deepened as mounting doubts over returns from billions of dollars of artificial-intelligence spending rippled through semiconductor stocks…

Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports. Investors…