[Thursday Overnight Global Headlines You Need to Know: Fed Holds Rates Steady for the 5th Consecutive Time This Year; Meta Raises Full-Year Capex Guidance Lower Bound to $130B; Microsoft Stock Surges 8% After Hours]

English summary

1. The Fed's July FOMC meeting kept the benchmark rate unchanged at 3.50%-3.75%. This marks the fifth consecutive hold this year, in line with broad market expectations. Fed swap contracts no longer fully price in a September hike. 2. Fed Chair Warsh said the inflation problem cannot be resolved in nine weeks, and if inflation remains elevated, policymakers tend to tighten policy. Warsh emphasized that the Fed will not endorse any market moves. 3. All three major US stock indices fell. The Dow fell 2.19%, the Nasdaq fell 1.74%, and the S&P 500 fell 1.52%. Micron fell about 10%, SanDisk fell over 7%, Intel and AMD fell over 5%. 4. International crude oil futures settled sharply higher. WTI crude oil futures for September settlement rose 6.56%, Brent crude oil futures for September settlement rose 7.91%. 5. COMEX gold futures rose 0.91% to $4,123.3/oz. COMEX silver futures rose 0.78% to $57.825/oz.