Silver surges over 7% after Fed dot plot signals limited rate hike appetite
Silver surged over 7% after the Fed's dot plot showed only one more hike in 2026, less than markets had priced.
Silver surged over 7% after the Fed's dot plot showed only one more hike in 2026, less than markets had priced.
XRP trades around $1.30 as futures open interest drops, with key support at $1.26-$1.28.
BOJ Governor Ueda highlighted spring wage talks for FY2027 as key for inflation trends, and said policy will not be swayed by board changes.
BOJ Governor Ueda stated the bank will continue to raise rates in response to economic and price developments, noting inflation overshooting risks.
UK retail sales rose 0.5% in August, exceeding expectations, as department stores and non-store retailers recovered.
UK August retail sales rose 0.5% month-on-month, beating expectations for a 0.2% decline.
Bank of Japan raised its benchmark rate to 1.25% on Friday, the highest since 1995, as energy costs pressure economies.
The BOJ's rate hike to 1.25% was accompanied by two dissenting votes, putting Governor Ueda's press conference in focus.
The Bank of England kept its rate at 3.75% as the Fed raised to 4%, with the BoE arguing that energy-led inflation requires different tools.
Jim Cramer reviewed how stock sectors performed across the Fed's 2015-2018 rate-hike cycle, noting defensive stocks led early but tech dominated later.
The Bank of Japan raised its policy rate by 25bp to about 1.25% in a 7-2 vote, signaling further rate hikes ahead but with board dissent.
iCapital raised its 10-year yield forecast to 4.5%-5.3%. A strategist said oil prices, not the Fed dot plot, will decide the outcome.
Goldman Sachs kept its end-2027 gold forecast of $5,400 per ounce despite the Fed's rate hike, saying tighter policy will slow but not derail the rally.
UBS sees two more RBA hikes to a 4.85% terminal rate after Bullock and Hauser hawkish comments, with markets pricing a 70-75% chance of a September move.
PBOC set its widest weak-side fixing deviation in six months after yuan hit 3.5-year high, signaling concern over pace of gains.