"US Stocks Stall as Fed Decision Looms, Biden Touts $8.5 Billion Investment in Intel Chip Plants"

US stocks were mixed as investors awaited the Federal Reserve's decision on interest rates, with the S&P 500 flat, the Dow Jones falling, and the Nasdaq gaining. The Fed's policy statement and "dot plot" were closely watched for any shift in interest rate forecasts, amid concerns about inflation and the strength of the US economy. Meanwhile, Intel stock rose after the White House announced funding through the CHIPS Act, and analysts remained bullish on Nvidia. The crypto market saw a significant wipeout in value, with bitcoin down 17% from its record high, attributed to ETF inflows and futures trading.