FirstFT: US borrowing costs hit 19-year high after Fed holds rates steady

US borrowing costs have surged to a 19-year high as the Federal Reserve maintained steady interest rates, sparking concerns about the economic impact. This decision has led to increased anxiety among investors about the long-term financial stability and potential inflationary pressures. Meanwhile, Mark Zuckerberg's stance against a US ban on Chinese AI highlights the ongoing debate over technological and geopolitical influences. The disappointing profits from SK Hynix further underscore the economic challenges facing global tech companies.