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News
Federal Reserve: Extended pause with 2027 cuts – UOB
19+ min ago (469+ words) UOB’s Suan Teck Kin and Alvin Liew analyze the latest FOMC decision, noting the Fed Funds Target Rate remains at 3.50%-3.75% for a fifth straight meeting despite three dissenting votes favoring a hike. They expect a prolonged policy pause through 2026, followed…...
Ether, XRP flat as chip stocks steady on Samsung's 250-fold profit surge
1+ hour, 3+ min ago (555+ words) Crypto's largest tokens were close to unchanged on Thursday as the semiconductor selloff that has driven markets for two weeks showed its first real sign of easing. Ether traded at about $1,905 and Bitcoin at $64,100, both flat on the day, with…...
The crypto market holds its ground despite the stock market slump
1+ hour, 6+ min ago (410+ words) According to CryptoQuant, spot trading volumes for Bitcoin on major crypto exchanges have fallen by 75% from peak levels at the end of 2024. In July, spot trading activity in the crypto market approached its lowest levels since November 2023, notes K33 Research. Weak…...
Japan’s Katayama says official proposed no ceiling on next year’s budget requests
6+ hour, 24+ min ago (224+ words) Japan's Finance Minister Satsuki Katayama said that officials proposed no ceiling on next year’s budget requests. Katayama added that the government needs to do year-on-year comparisons in budget size, as the initial budget could be larger than previous years, and…...
Chalk and cheese: Meta and Microsoft earnings round up
8+ hour, 54+ min ago (632+ words) Although Meta’s revenues were stronger than forecast at $60.8bn vs. $60.17bn expected, earnings per share were significantly lower than expected at $6.18, vs. expectations of $7.22. Revenue forecasts were also weaker than forecast, with the company expecting sales to come in at $62.5bn for this…...
Yemen's Houthis reportedly considering fees for ships sailing through Red Sea
8+ hour, 44+ min ago (284+ words) Yemen’s Iran-backed Houthi rebels are considering imposing fees on commercial ships sailing through the southern Red Sea, Reuters reported on Wednesday. This development came a week after the Houthi declared a naval blockade on Saudi Arabia. The source said Houthi…...
Meta & Microsoft earnings reaction
11+ hour, 33+ min ago (214+ words) Please see the following comment from Chris Beauchamp, Chief Market Analyst at online trading and investing platform IG. Chris Beauchamp has been with IG for four years, and in that time has become a regular commentator and analyst for the…...
No soft target: Warsh vows to return inflation to 2%
12+ hour, 18+ min ago (475+ words) The Fed left interest rates unchanged at 3.50%-3.75%, but the decision carried a distinctly hawkish edge as three officials voted for an immediate 25-basis-point increase. Chair Kevin Warsh reinforced that message, insisting there was no tolerance for a softer inflation target…...
The FOMC: Rates left on hold; dollar falls as Warsh fails to vote for hike
12+ hour, 40+ min ago (429+ words) The Fed kept interest rates on hold today, defying a 30% chance in the Fed Funds Futures market that rates would rise. The Committee voted 9-3 to keep rates on hold, with governors Kashkari, Hammack and Logan all voting to hike rates…...
The US Dollar Index sells the hold and ignores the hawks
14+ hour, 21+ min ago (485+ words) A 9-3 vote held the federal funds target range at 3.50% to 3.75% at 18:00 GMT, the three dissenters all preferring an immediate quarter-point increase. DXY prints a session low just above the 101.00 handle on the Federal Reserve hold, four tenths of a point…...