The Federal Open Market Committee said it "judges that the risks of higher unemployment and higher inflation have risen."

U.S. stocks advanced on Wednesday in choppy trading, buoyed as semiconductor stocks rallied late on a report that regulations on artificial intelligence chips would be loosened. For most of the session,

On Wednesday afternoon, the Fed left interest rates unchanged at a range of 4.25% to 4.5% for the third straight meeting. The central bank also noted in its statement that "the ri