Warsh steps back from signalling as FOMC readies July 29 statement
Kevin Warsh reduces signalling in the FOMC statement; a close vote could rock markets.
Kevin Warsh reduces signalling in the FOMC statement; a close vote could rock markets.
The Atlanta Fed GDPNow model raised its Q3 growth estimate to 5.1% from 4.4% as consumer and government spending forecasts increased.
Fed Chair Warsh faces his first major credibility test as markets see a 91% rate hike chance, with potential political and market fallout.
AUDUSD holds above 0.7117 support ahead of the FOMC, with buyers eyeing 0.71492 and sellers needing a sustained break below.
Federal Reserve expected to raise rates with 92.7% probability; Bitcoin slips near $76,022 as markets react.
US August retail sales rose 1.2% versus 0.8% expected. Prior month revised to -0.6%.
Ethereum hovers near $2,360 support after the Clarity Act vote failed, with the FOMC decision and Middle East tensions in focus.
USD mixed ahead of Fed rate decision; technicals examined for EURUSD, USDJPY, GBPUSD. Oil down despite Middle East tensions.
The S&P 500 has reached a pain point with oil above $100, and a hawkish Fed could worsen losses.
Markets expect a 25 bps Fed hike today, testing Kevin Warsh's credibility on forward guidance and independence.
Bitcoin and XRP fell after a Senate vote failed to advance the CLARITY Act, with markets now awaiting the Fed's rate decision.
Gold traders await the FOMC decision, with focus on Dot Plot and Middle East developments.
Gold futures hold near-term bullish advantage above $4,350 as traders await the Fed decision, with key resistance at $4,382 in focus.
The Fed is set to hike by 25 bps, with traders watching the dot plot for clues on further tightening.
European stocks opened higher on Wednesday as oil prices eased and bond yields retreated, providing a respite ahead of the Fed's rate decision.