Phelan: Rate Hike Today Would Be a Mistake for the Fed
White House adviser Christopher Phelan says a Fed rate hike today would be a mistake, citing cooling inflation over the past three months.
White House adviser Christopher Phelan says a Fed rate hike today would be a mistake, citing cooling inflation over the past three months.
Asian stocks opened mixed Wednesday as traders awaited the Fed decision. Nikkei flat, Kospi lower.
UBS's daily note identifies three lasting themes: growth matters more than rate hikes, AI demand rises despite calls for regulation, and earnings drive markets.
Oil's 11-day rally pushes yields higher and stocks lower ahead of a likely Fed rate hike.
Markets see 91% chance of Fed rate hike on Wednesday, but attention turns to signals for further tightening.
New York's September manufacturing index fell to +7.6, well below the +15.0 forecast, from +20.6 in August.
The dollar rallies ahead of the Fed's expected 25bp hike, while Treasury yields rise, oil stays above $102, and stocks edge lower.
USD/JPY rose above 155 as Treasury yields hit 5.03%, a level not seen since 2007, with markets pricing a Fed rate hike.
EUR/USD broke below key 1.1560 support ahead of the FOMC decision, with the Fed expected to raise rates by 25 bps.
European stocks opened lower, led by Italy's FTSE MIB, as Brent crude topped $107 and 10-year yields hit 5.02%, stoking inflation fears ahead of the Fed.
Ethereum holds steady ahead of the CLARITY Act cloture vote and Fed decision. Key support at 2,360, resistance at 2,560.
10-year Treasury yields reached 5.02% amid persistent inflation and hawkish Fed expectations, approaching pre-crisis levels.
Defensive stocks and cybersecurity names rose as investors rotated from AI infrastructure shares amid safety concerns.
The Fed may raise rates by a quarter point despite being unable to lower oil or diesel prices.
Three central banks are tightening simultaneously for the first time since 2006, a pattern that previously hit leveraged assets. Bitcoin faces similar risk,…