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.
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.
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.
The Fed decision strengthened the dollar and lifted short-term Treasury yields; the Dow turned negative but technology stocks held their gains.
Fed hikes rate to 4%; 16 of 18 officials see further increase. Bitcoin spiked then fell, gold sold off after the decision.
The Federal Reserve raised interest rates by 25 basis points for the first time in three years, as expected. The decision was unanimous.
The Fed raised rates by 25 bps to 3.75%-4.00%, with the dot plot signaling one more 2026 hike.
The Federal Reserve raised rates by 25 basis points to 3.75-4%, citing resilient spending and strong productivity, aiming for price stability.
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.