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investingLive Americas market news wrap: Fed and BOC holds rates with minimal drama
forexlivehace 15d

investingLive Americas market news wrap: Fed and BOC holds rates with minimal drama

Federal Reserve rate decision: No change to Fed funds, as expectedPowell: The economy is coming into 2026 on a firm footingECB's Schnabel says rates expected to remain at current levels for an extended periodBank of Canada rate decision: No change to the overnight rate, as expectedBOC's Macklem: There's a clear consensus that it's tough to predict direction of next moveUS oil inventories post a surprise drawdownUS dollar climbs after Bessent reiterates strong dollar policy, says not interveningTether now holds 140 tons of gold worth $24 billion in a Swiss nuclear bunkerMarkets:Gold hits record $5338, up 2.5% on the dayWTI crude oil up 94-cents to $63.33US 10-year yields up 2.6 bps to 4.25%S&P 500 flatCAD leads, CHF lagsYou get the sense the market is starting to tune Powell out as his term winds down. The 'no change' decision wasn't a surprise and nothing in the statement made waves but in the press conference he was upbeat on the economy and that did little to sway markets or Fed funds futures pricing. That's likely on account of his term ending in May, with the June decision continuing to show 19 bps of easing.The Bank of Canada meeting was arguably even less surprising. The BOC forecasts were little changed and Macklem indicated they were going to be gathering plenty of data before moving on rates again. In turn, USD/CAD wraps up the day basically flat.Joining the refrain was Schnabel who said the ECB was likely going to be holding for an extended period.The biggest market mover was the set of comments from Bessent, who went back to the 'strong dollar' refrain despite comments yesterday from Trump that seemed to endorse a weaker dollar. That led to a quick move higher in USD/JPY to 153.75 from 152.80 and it was a sideways chop from there.Precious metals were on the move again led by gold with the help of an interesting report saying that tether has been accumulating huge gold reserves to rival many global central banks.After the close today we get earnings from Meta, Microsoft and Tesla. This article was written by Adam Button at investinglive.com.

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Bitcoin Price Steadies Near $90,000 as Fed Pauses Rate Cuts, Powell Signals Neutral Stance
platodatahace 15d

Bitcoin Price Steadies Near $90,000 as Fed Pauses Rate Cuts, Powell Signals Neutral Stance

Bitcoin hovered near $89,000 on Wednesday as the Federal Reserve opted to hold interest rates steady, pausing its rate-cutting cycle and striking a notably calmer tone on inflation and the labor market. The bitcoin price traded above $90,000 earlier in the session before slipping to around $89,500 as Federal Reserve Chair Jerome Powell spoke at [...]

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Federal Reserve Issues FOMC Statement for Jan 2026: Why Is BTC Price Down?
coinpediahace 15d

Federal Reserve Issues FOMC Statement for Jan 2026: Why Is BTC Price Down?

The post Federal Reserve Issues FOMC Statement for Jan 2026: Why Is BTC Price Down? appeared first on Coinpedia Fintech NewsThe Federal Reserve issued its first FOMC statement for 2026 today, January 28. The Fed’s announcement aligned with predictions made on Polymarket and Kalshi, thus adding bearish pressure on Bitcoin (BTC) amid a bullish bonanza in the precious metals industry. Federal Reserve Ends Rate-Cut Streaks After initiating three rate cuts in 2025, the Fed has ...

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Dollar Recovers as Treasury’s Bessent Delivers Crucial Reassurance, Rules Out Currency Intervention While Fed Holds Steady
bitcoinworldhace 15d

Dollar Recovers as Treasury’s Bessent Delivers Crucial Reassurance, Rules Out Currency Intervention While Fed Holds Steady

BitcoinWorldDollar Recovers as Treasury’s Bessent Delivers Crucial Reassurance, Rules Out Currency Intervention While Fed Holds SteadyWASHINGTON, D.C., March 15, 2025 – The U.S. dollar staged a significant recovery in global forex markets today following a crucial statement from Treasury Undersecretary for International Affairs, Julian Bessent. Bessent explicitly ruled out any immediate plans for direct currency intervention, providing markets with much-needed clarity. This reassurance coincided with the Federal Reserve’s decision to [...]This post Dollar Recovers as Treasury’s Bessent Delivers Crucial Reassurance, Rules Out Currency Intervention While Fed Holds Steady first appeared on BitcoinWorld.

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