September Fed Rate Decision Preview: Is a Rate Hike a Foregone Conclusion? How Will US Stocks, the Dollar, and Gold React?
TradingKey·- The Federal Reserve is widely expected to raise interest rates by 25 basis points to 3.75%-4.00% at its September meeting, driven by resilient employment and persistent inflation data. - Market volatility will likely depend on the updated economic projections dot plot and Fed Chair Kevin Warsh's statements regarding the future policy path. - The rate decision and subsequent policy stance will significantly influence asset valuations across US stocks, the US dollar, and gold.TradingKey Daily Market Briefing: US Crypto Bill Stalls, Bitcoin Drops Below $76,000, COIN Tumbles 10%, Market Focuses on Fed Decision
TradingKey·- On September 15, major U.S. stock indexes fell as investors awaited the Federal Reserve's rate decision, while crypto-concept stocks dropped due to declining Bitcoin prices and the U.S. Senate's failure to advance a crypto regulatory bill. - International oil prices surged and gold weakened amid supply risks from Saudi Arabia and rising inflation concerns, with the 10-year U.S. Treasury yield reaching its highest level since 2007. - Meanwhile, the National Highway Traffic Safety Administration demanded Tesla explain Cybercab safety certification, and Coca-Cola announced a $10 billion U.S. investment plan by 2030.