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The Latest Breaking News from US Federal Reserve

Bitcoin trades near $64K; key support seen at $63,800-$64,000 amid Fed uncertainty

Bitcoin traded near $64,000 on Friday, holding largely steady over the past 24 hours as softer US inflation data offset concerns over the Federal Reserve’s hawkish stance. Ethereum slipped 0.93%, while Bitcoin eased 0.10%. Among major altcoins, XRP, Solana and Dogecoin edged lower, whereas BNB, Tron, Hyperliquid and Cardano gained…

The Economic Times

Fed's 'Hawkish Hold' Leaves Wall Street Guessing. Stocks and Bonds Could Pay the Price

New Federal Reserve chair Kevin Warsh has decided to abandon the detailed forward guidance that characterized the Jerome Powell era and emphasize that incoming economic data will determine the central bank's next steps.

International Business Times

‘Mutiny, if need be’: At the Fed, ‘Warsh can suppress dissent only so much,’ over credibility-testing interest rate decision, Macquarie says

Everything you need to know before you reach the office this morning.

Fortune

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Bitcoin, Ethereum Spike, XRP and Dogecoin Climb Amid Sharp Crypto Recovery: Analyst Says 'Don't Fear' BTC Dropping to $60,000

Leading cryptocurrencies staged a sharp recovery alongside stocks on Thursday, reversing a Federal Reserve-driven sell-off the day before.

Benzinga

Gold on track to end four-month slump as investors weigh Fed signals

Gold prices are poised for their first monthly gain in five months. Investors are assessing the impact of the U.S.-Iran conflict on global markets. The Federal Reserve's signals are being parsed for clues on inflation and interest rates. Global gold demand remained steady year-on-year as central banks increased purchases. Other…

The Economic Times

Yen weakens after intervention-led surge ahead of BOJ policy decision

The Japanese yen faced renewed pressure after Tokyo intervened in currency markets. The dollar gained as traders questioned the US Federal Reserve's inflation stance. Japan conducted yen-buying intervention, pulling the currency from four-decade lows. The Bank of Japan is expected to keep interest rates steady at one percent. Analysts anticipate…

The Economic Times

Global Market Today: Asian stocks rise on Korean rally, yen holds gains

Asian stocks advanced as chip shares revived artificial intelligence trade confidence. South Korea's Kospi Index surged over fourteen percent, rebounding strongly. Japan's shares also gained, lifting the regional MSCI Asia Pacific gauge. The yen held its gains after authorities intervened to support the nation's currency. Attention remains on the Bank…

The Economic Times

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US Mortgage Rates Hit 6.66%, the Highest in a Year, as Oil Prices and Stubborn Inflation Squeeze Buyers

US mortgage rates have surged to a 12-month high, driven by inflation and geopolitical tensions, impacting the housing market and increasing borrowing costs for prospective homebuyers.

International Business Times UK

Stocks Settle Sharply Higher as Microsoft Leads a Surge in Tech Stocks

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +1.66%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +1.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +3.36%. September E-mini S&P futures (ESU26 ) rose +1.65%, and September E-mini Nasdaq futures...

Barchart

Nasdaq Soars 679 Points as Microsoft Pops: Stock Market Today

Surging long-term Treasury yields didn't hold stocks back on Thursday, as Wall Street cheered one Big Tech's blowout earnings report.

Kiplinger

US stocks: US market ends sharply higher, lifted by soaring Microsoft

Wall Street surged on Thursday, led by chip stocks and Microsoft's strong forecast. Microsoft's forecast eased investor concerns about massive artificial intelligence infrastructure spending. Other tech giants like Alphabet and Meta faced pressure from significant AI investment costs. The PHLX chip index saw substantial gains, with several companies reporting increases.…

The Economic Times

Dollar Sinks as the Yen Soars on Suspected Japanese Intervention

The dollar index (DXY00 ) tumbled to a 6-week low on Thursday and finished down by -0.99%. The dollar retreated on Thursday’s US economic news that showed Q2 GDP growing less than expected and the Jun core PCE prices index easing as expected, dovish factors for Fed policy. The dollar...

Barchart

All eyes on next Fed meeting

Markets are shifting attention to the September meeting of the Federal Reserve after the US central bank left its interest rates unchanged on Wednesday, with analysts predicting another cut is possible this year.

Bangkok Post

What Caused Wheat to Spike? Will it Pull Corn and Soybeans Along for the Ride?

In today's interview on Markets Now, I discussed how Black Sea export disruptions, Midwest weather forecasts, macroeconomic uncertainty around the Federal Reserve, and resilient cattle fundamentals are driving current agricultural and financial markets.

Barchart

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Reason

The Bond Market Is Unhappy With the Federal Reserve's Unwillingness To Fight Inflation

The 30-year U.S. Treasury bond just hit its highest yield level since 2007.

Benzinga

Stock Market Today: Microsoft Ignites Chip Rebound as SanDisk Jumps 24%

U.S. equities clawed back Wednesday’s post-Fed losses by midday Thursday, with a blowout cloud print from Microsoft Corp. (NASDAQ:MSFT) reviving the artificial intelligence trade and dragging beaten-down semiconductor names sharply higher.

The Conversation

Americans feel the sting of high prices every day, so why does the Fed need so many ways to measure inflation?

From gas to housing to groceries, consumers can’t escape inflation in their everyday lives. So why can’t policymakers agree on what the data is telling them – and if prices are falling fast enough?

Evening Standard

FTSE 100’s early promise fades as Bank of England holds rates

The FTSE 100 Index closed down 11.14 points at 10,897.27.

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The Economic Times

Ahead of Market: 10 things that will decide stock market action on Friday

Indian equities extended gains after the US Federal Reserve kept rates unchanged, with Sensex rising 274 points and Nifty closing above 24,300. Strong FII inflows and upbeat earnings supported sentiment, though hawkish Fed commentary, rising bond yields and weak broader markets capped gains.

Barchart

Stocks Rally on Stellar Microsoft Earnings and Chip Stock Strength

The S&P 500 Index ($SPX ) (SPY ) today is up +0.86%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.65%. September E-mini S&P futures (ESU26 ) are up +0.84%, and September E-mini Nasdaq futures...

Barchart

Dollar Pressured as Yen Soars on Expected Japanese Intervention

The dollar index (DXY00 ) dropped to a 6-week low today and is down by -0.91%. The dollar is moving lower today on today's US economic news that showed Q2 GDP growing less than expected and the Jun core PCE prices index easing as expected, dovish factors for Fed policy....

Barchart

Stocks Rebound as Microsoft Earnings Ease AI Spending Concerns

The S&P 500 Index ($SPX ) (SPY ) today is up +1.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.69%. September E-mini S&P futures (ESU26 ) are up +1.09%, and September E-mini Nasdaq futures...

The Economic Times

US inflation slows in June, but reversal likely amid Middle East conflict

US inflation slowed in June, but oil prices may cause a temporary easing. The Personal Consumption Expenditures Price Index rose 3.7 percent annually. Excluding food and energy, inflation also showed moderation. Consumer spending saw a slowdown after tax refunds faded. The Federal Reserve maintained interest rates while signaling future hikes.

The Independent UK

The Latest: US and Iran trade strikes as hopes dim for a quick resolution

Back-and-and-forth missile strikes between the U.S. and Iran are dimming hopes for a deal to end the war as more countries are drawn in

The Economic Times

US stocks: US market advances as Microsoft results ease AI spending fears

US stocks opened higher on Thursday morning. Microsoft's strong forecast eased investor concerns about AI spending. Major indices like the Dow and S&P 500 saw significant gains. The Nasdaq Composite also experienced a notable increase at the opening bell. Investors parsed fresh economic data after the Federal Reserve's rate decision.

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