Wednesday Afternoon Links

[CNBC] S&P 500 hovers just under 7,000 as Fed stays on hold, Treasury yields tick higher: Live updates

[CNBC] Fed holds key interest rate steady as economic view improves

[CNBC] Here’s what changed in the new Fed statement

[Yahoo/Reuters] Bessent says US has strong dollar policy, 'absolutely not' intervening to support yen

[Yahoo/Reuters] Germany's Merz: US must not cast doubt on trade deal with EU

[Bloomberg] Key Takeaways From Fed Decision to Hold Rates Steady

[Bloomberg] Leveraged Firms Capitalize on Investor Demand for US Risky Loans

[WSJ] Fed Holds Rates Steady for First Time Since July

[WSJ] Bank of Canada Stands Pat on Rates, Warns of Heightened Uncertainty

[WSJ] Xi Jinping Is Stripping Down His Military Command and Starting Over

[FT] Scott Bessent says Trump administration is still pursuing ‘strong dollar policy’

[FT] Termites are slowly feasting away at the foundations of the dollar’s dominance

[FT] America’s shift to an insider economy

[FT] Illicit crypto flows surge to record $158bn