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.
The dollar strengthened after the Fed hike, pushing EURUSD and GBPUSD lower while USDJPY and USDCAD rose to key technical levels.
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.
The Bank of Canada's Governing Council sees near-term inflation staying elevated, while markets anticipate over 100 basis points of rate hikes.
Kevin Warsh reduces signalling in the FOMC statement; a close vote could rock markets.
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.