The Latest Breaking News from US Federal Reserve

December S&P 500 futures (ESZ23) are down -0.42%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.65% this morning as Treasury yields jumped after the Federal Reserve signaled interest rates would be higher for longer.

The local share market has fallen 1.4 per cent to close at its lowest level since early July after the Federal Reserve sounded hawkish on interest rates.

The move suggests that the Fed thinks it has time to wait and see if the 11 rate hikes it unleashed starting in March 2022 will continue to cool rising prices.

The dollar index (DXY00 ) on Wednesday recovered from early losses and rose +0.11%. The dollar on Wednesday opened lower on weaker T-note yields and on strength in stocks that curbed liquidity demand for the dollar. However, the dollar recovered its losses and moved higher after the FOMC's dot plot...

Dec ICE NY cocoa (CCZ23 ) on Wednesday closed -72 (-1.98%), and Dec ICE London cocoa #7 (CAZ23 ) closed -66 (-2.16%). Cocoa prices Wednesday closed sharply lower, with NY cocoa falling to a 3-week low and London cocoa dropping to a 1-1/2 week low. Concerns that the Fed would...

The Federal Reserve left interest rates unchanged Wednesday, despite stubborn inflation, although it left the door open to an additional rate hike in November or December.

Federal funds rate will remain at the the same level as the central bank announced in July, when it last raised rates

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.46%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.03%. Stocks this morning are moderately higher on expectations for...

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.26%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.22%. Stock index futures this morning are edging higher ahead of the conclusion of the 2-day FOMC meeting and comments from Fed Chair Powell later this afternoon....