Market Minutes

Read snapshots of the latest market news

FOMC rate decision takes center stage today

The Federal Reserve is expected to announce a 25bps rate cut today, shifting market attention to updated economic projections, with a key focus on the pace of easing in 2025 and the neutral rate outlook.

Dollar and Bitcoin rebound, Euro slips

Markets in flux ahead of key data this week

Gold and safe-haven assets surge

European stocks fell and the euro weakened amid escalating Ukraine-Russia tensions, while gold surged as investors sought safe-haven assets

Gold eases after record high; silver holds steady

The U.S. dollar’s slight rise softened gold prices, but Fed easing could limit the impact

Market rotation to Cyclical stocks amid volatility

Investors pulled out of growth stocks overnight, continuing with a rotation into cyclical stocks such as financials ahead of PCE data this Friday.

Gold hits all-time high

Spot gold prices hit a record $2,499 per ounce on Friday, driven by disappointing U.S. housing data that sparked renewed concerns over economic stability

June PCE data shows modest inflation

Core PCE prices and real consumer spending both increased by 0.2%

Tesla forecasts slower growth in 2024

Tesla faces a setback with missed expectations, while Netflix surges on strong user growth

SEC X account hacked, false ETF claim spreads

The US Securities and Exchange Commission (SEC) saw its X account hacked for a brief time, with a post claiming it has approved listings for Bitcoin ETF

Japan's inflation hits 3-month high

Japan's annual inflation rate surged to 3.3% in October 2023