Intel Shares Jump Up to 3.7% Premarket as Investors Eye Fed Warsh Decision
INTC•Intel shares rebounded 2.3%–3.7% premaket after Tuesday’s drop, leading chip stocks higher ahead of the Fed’s first policy decision under Chair Kevin Warsh. Markets price a rate hold at 3.50%–3.75% and await Warsh’s press conference for insight on inflation and Treasury yields at 4.43%.
1. Premarket Performance
Intel shares rose between 2.3% and 3.7% in premarket trading after dropping in the prior session, outpacing broader chip sector gains alongside peers like Broadcom and AMD.
2. Fed Policy Outlook
Markets are pricing in a hold of interest rates at 3.50%–3.75% for today’s Fed decision, with investors keen on Chair Kevin Warsh’s first press conference commentary on inflation, unemployment and the path of Treasury yields, which recently climbed to 4.43%.
