The Federal Reserve held the federal funds rate steady at 5.25–5.50%. Its updated projections show just one 25 basis point cut in 2024—down from three forecast in December. Chair Powell pointed to stubborn inflation and resilient labor market data as key reasons for restraint.
The decision lifted the U.S. Dollar Index by 0.6% and sent the S&P 500 down 1.2%. The 2-year Treasury yield jumped 12 basis points to 4.87%, signaling markets now expect a higher terminal rate.
Bitcoin traded at $82,063.40 as of 16:40 UTC, down $266.48 from its prior close. The October 14 daily bar closed at $81,562.50, following a sharp drop from $83,095.10 the day before. Volume remains fixed at 4,294,967,295…
Gold stood at 4150.01 as of 16:42 UTC, down 48.347 points from its previous close. The intraday low was 4128.1 on October 13, while the high reached 4242.3 on October 12. Volume remains elevated, with 163,894…
EURUSD traded at 1.12036 as of 16:40 UTC, down 0.00465 from its prior close. The pair has declined for three consecutive daily bars, closing at 1.11602 on October 14 — its lowest since October 9. Today’s…
BitcoinUSD stood at 81038.8 as of 12:40 UTC, down 266.48 from the prior close. Price fell sharply from Tuesday’s open at 83095.1 and has now declined four of the last five daily closes. The latest daily…
