BTC, ETH, SOL Price News: Majors Slide on Hawkish Fed Even as Trump Signs Iran Deal
Warsh announced five task forces and a shorter policy statement as several Fed officials signaled a rate hike this year, unsettling markets.
- On Wednesday, Federal Reserve Chairman Kevin Warsh concluded his first Federal Open Market Committee meeting, announcing the establishment of five task forces to address Fed communications and its balance sheet.
- Amid uncertainty over the path of monetary policy, U.S. stocks declined Wednesday while Treasury yields climbed as several Federal Reserve officials signaled potential rate hikes this year to curb inflation.
- Warsh revamped the Federal Reserve's policy statement, saying that "it's a bit shorter, a bit simpler, and it dispenses with some older language," while refraining from contributing to the "dot plot."
- With the deal stipulating restoration of energy shipments via the Strait of Hormuz, the International Energy Agency projects higher supply volumes, though President Donald Trump expressed concerns about the agreement's durability.
- Following its record IPO last week, SpaceX added Roelof Botha to its board as an independent director, with CEO Elon Musk continuing to shape the rocket maker's leadership.
22 Articles
22 Articles
Bursa rises at open despite Wall Street weakness
KUALA LUMPUR: Bursa Malaysia opened higher on Thursday, underpinned by buying in selected heavyweight stocks despite weaker overnight performance on Wall Street. At 9.25am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 8.82 points to 1,718.81 from Tuesday’s close of 1,709.99, after opening 12.36 points firmer at 1,722.35. Market breadth was positive, with gainers outpacing losers 313 to 289. A total of 363 counters were unchanged, 1,771 untraded …
New York, 17 Jun (EFE).- Wall Street closed in red this Wednesday and its main indicator, the Dow Jones de Industriales, fell by 0.98% after the Federal Reserve (Fed) kept interest rates unchanged. At the end of the session, the Dow Jones remained 507 points, up to 51.492; the selective S&P 500 yielded 1.21 %, up to 7,420 integers; and the Nasdaq technology lost 1.34%, up to 26,021 units. The New York Stock Exchange reced after the Fed announced…
Wall Street is falling following the first interest rate decision by new Fed Chairman Kevin Warsh. The US central bank is keeping interest rates unchanged, but investors appear alarmed by signals that inflation is stubbornly persisting and interest rates could remain high for longer. Earlier, the AEX actually closed higher, led by chip stocks ASML and ASMI.
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
