Dimon and Zandi Warn of Structural Economic Risks
Jamie Dimon warned of a $10 trillion small-business ownership risk; Mark Zandi cautioned the Fed could make a serious policy mistake.
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Jamie Dimon warned of a $10 trillion small-business ownership risk; Mark Zandi cautioned the Fed could make a serious policy mistake.
Dow tumbles 630 points after Fed's first hike in three years and hawkish Warsh comments; banks and crypto drag, while AI names gain.
Thursday's Asia calendar is quiet; NZ GDP is the key data point. The failed clarity bill and Fed hike were both widely expected.
Bitcoin's price swung after the Fed raised rates for the first time since 2023, eventually settling near $75,813.
Federal Reserve hikes rates for first time in three years; dollar rises.
The dollar strengthened after the Fed hike, pushing EURUSD and GBPUSD lower while USDJPY and USDCAD rose to key technical levels.
Validators on Solana are reportedly selling early trade data to quants for $4,000 a month, enabling front-running.
Fed's Warsh said the economy looks to be strengthening, inflation remains too high, and the FOMC has not met the confidence bar on underlying inflation.
CFTC Chair Selig says the agency will use its existing powers to craft crypto rules after the Clarity Act failed a Senate vote.
The Fed decision strengthened the dollar and lifted short-term Treasury yields; the Dow turned negative but technology stocks held their gains.