POWELL QUIPS 'I WON'T SEE YOU NEXT TIME' AS HE EXITS FINAL PRESS CONFERENCE

Interest-rate futures show traders now assign an 11% probability that the Federal Reserve will raise rates this year, up from 5% earlier in the day and 0% on Tuesday, according to CME Group data, while the chance of a rate cut is around 2%. The shift followed hawkish signals from Fed officials on Wednesday. The Fed kept policy statement language suggesting a cut remains more likely than a hike, but three Fed presidents objected to that wording. Fed chair Jerome Powell indicated the language could be removed at the next meeting as inflation remains elevated.

Apple Inc. plans to add a Siri-branded camera mode in iOS 27, integrating Visual Intelligence directly into the Camera app. The feature will let users point the camera at objects and get AI-generated information via tools like ChatGPT or image search. Visual AI functions such as object identification, poster-to-calendar conversion, and data extraction will be expanded, along with new abilities like scanning nutrition labels and capturing contact details. The upgrade is part of Apple’s broader push to embed AI across iOS ahead of new hardware launches.