Stocks Fade From New Highs As Fed Holds Rates Steady

S&P 500 touches record 7,000 level, but gain fades as Fed keeps rates on hold (CNBC)

Fed meeting recap: Powell says economy on ‘firm footing’ and current rate level not restrictive (CNBC)

Trump is not worried by a weak dollar. Why the president and investors should be (CNBC)

Companies rush to refinance as credit looks good (Axios)

Investors bet on ‘hot’ US economy heading into midterm elections (FT)

Amazon to Lay Off Around 16,000 Corporate Employees (WSJ)

Microsoft Moves to Respond to New Threats From Anthropic (The Information)

SpaceX weighs June IPO timed to planetary alignment and Elon Musk’s birthday (FT)