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Global markets on September 15 are focused on the Fed decision and a renewed repricing of AI capex. On September 14, the three major indexes closed lower. After Anthropic, OpenAI, and others called for slower frontier-model training, the Philadelphia Semiconductor Index fell about 5%–5.9% and NVIDIA dropped about 3%. The 10-year yield briefly broke above 5%, while bitcoin oscillated near $77,800. Investors are waiting for the 14:00 ET rate decision on September 16.
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