Market news
Crypto, stocks, forex and macro, aggregated for traders.
Microsoft Adds 31 Data Centers This Quarter, On Track to Double Capacity
Microsoft CEO announced the company added 31 data centers globally this quarter, bringing the year's total to 88, with an extra gigawatt of capacity, while affirming a plan to roughly double capacity within two years.
Kevin Warsh: Markets Have Pushed Treasury Yields Higher Over 42 Days, Policymakers to Watch Data
Kevin Warsh noted that markets have already driven Treasury yields up over the last 42 days, and that the Fed will continue to monitor market reactions and incoming data before deciding on future rate moves.
Fed Holds Rates at 3.5%-3.75%; Three Dissenters Favor Quarter-Point Hike
The FOMC voted 9-3 to keep the federal funds rate steady, with Logan, Hammack, and Kashkari dissenting. Chair Warsh stressed the hold does not reflect inaction on inflation.
US Stocks Tumble on Inflation Angst, Bond Yields Surge
U.S. equities sold off sharply as inflation worries pushed long-end yields to multi-decade highs, with the Nasdaq 100 entering correction territory.
Netanyahu, Trump Discuss Increasing Economic Pressure on Iran
Israeli Prime Minister Benjamin Netanyahu expressed skepticism over prospects for a deal with Iran in a meeting with former U.S. President Donald Trump, officials said.
Israeli Official: Khamenei Alive but Unseen, Angered by Unauthorized Actions
A senior Israeli official claims Iran's Supreme Leader is alive but has not been seen, and insists on oversight of military actions. Khamenei reportedly became angry when forces acted without his consent.
Fed Holds Rates at 3.50%-3.75%, Three Officials Dissent for Hike as Warsh Vows 2% Inflation
The Federal Reserve left its benchmark rate unchanged at 3.50%-3.75%, but three policymakers voted for an immediate 25-basis-point increase. Governor Warsh reaffirmed the commitment to returning inflation to the 2% target.
US 30Y yield surpasses 5.20%, highest since 2007
The US 30-year Treasury yield has risen above 5.20% for the first time since 2007, bringing the 'higher for longer' rates narrative back into focus.
S&P 500 Sees $2.9 Trillion in Market Cap Swings as Fed Guidance Era Fades
The S&P 500 experienced three violent swings totaling roughly $2.9 trillion in market-cap changes during the Fed decision session, reflecting deep unease over the end of predictable central bank guidance.
Fed Day Chaos: S&P 500 Records $2.9 Trillion in Swings
The S&P 500 experienced three major swings totaling roughly $2.9 trillion in market cap during a volatile session, as markets react to the end of clear Fed guidance.
Saudi Arabia Reaffirms De-escalation With Iran After Joint US Strikes in Iraq
Saudi Defense Minister stressed support for de-escalation with Iran in White House meeting with VP Vance, despite recent joint strikes on militias in Iraq, Axios reports.
WTI Crude Holds Near $83 After Fed Keeps Rates Steady
West Texas Intermediate crude oil traded near $83 a barrel following the Federal Reserve’s decision to maintain interest rates, with prices consolidating after a sharp rebound from intraday lows.
Trump Praises Patriot System After Base Attack, Threatens Iran
Former President Trump said a Patriot missile system defended a US base overnight, praised its performance, expressed hope for an end to the Ukraine war, and warned of retaliation against Iran following an attack on a base in Jordan.
Fed Holds Rates, US Stocks Mixed; Warsh Sees Bond Market Restraining Inflation
The Federal Reserve kept interest rates unchanged, leading to mixed US stock performance as Chair Warsh highlighted that rising bond yields may already be helping to curb inflation.
Fed's Warsh: Dual Mandate Not an 'Either/Or', Employment Side Doing Well
Former Fed Governor Kevin Warsh said he doesn't see the central bank's dual mandate as an 'either/or' proposition and noted the Fed is doing well on the employment side.
Warsh Warns Against Framing Fed Decision as a ‘Pause’
Former Fed official Kevin Warsh cautions that labeling the central bank’s latest action a “pause” would invite markets to bet against it, and says shocks at this stage make the Fed’s job tougher.
Fed's Warsh: Broad Agreement on Stable Prices, Robust Discussion
Fed official Warsh characterized the latest FOMC discussion as a robust debate with broad consensus that the central bank has the tools to achieve stable prices, though he noted dissents did not capture the full discussion.
Warsh: Solid Economy, Labor Market Keep Treasury Yields Moving Despite Fed Inaction
Former Fed official Kevin Warsh says robust economic output and a steady labor market are driving moves in nominal and real Treasury yields, even though the Fed has made no major policy changes in 42 days.
Fed Refrains from Interfering with Market Signals, Says Warsh
Kevin Warsh notes that the Fed is deliberately avoiding interference with market signals, as markets have responded more directly to events over the past 42 days, while the central bank observes from the sidelines.
Fed Chair Warsh: Central Bank Staying Out of Market Signals
Fed Chair Warsh said the central bank is avoiding interference with market signals, noting that markets have reacted more directly to events over the past 42 days.
Fed Chair Warsh: Committee Debated Inflation Shocks and Policy Tools
Fed Chair Warsh said the committee held a vigorous discussion centered on four key questions, including the persistence of high inflation and the appropriate monetary policy response.
Fed Chair: Economy Resilient, Inflation Elevated, No Guidance Provided
The Federal Reserve chair noted the US economy's impressive resilience and persistent elevated inflation, while stating the policy statement steers clear of forward guidance and reaffirms the 2% target.
Fed Holds Rates Steady for Fifth Meeting, Dissents Signal Hawkish Tilt
The Federal Reserve left its benchmark rate unchanged at 3.50%-3.75% for the fifth straight meeting, but three dissenting votes in favor of a hike highlighted lingering inflation concerns.
Federal Reserve Holds Rates Steady for Fifth Consecutive Meeting
The Federal Reserve kept interest rates unchanged, marking the fifth straight meeting with no change in one of the most divided votes in years.