Market news
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Yen Weakens as Fed Holds Rates, Signals One Hike by Year-End
The Japanese Yen fell against the US Dollar after the Federal Reserve held rates steady but indicated a possible rate hike before year-end. Fed Chair Warsh reiterated the central bank's commitment to the 2% inflation target.
South Korea Q1 GDP Revised Up to 1.8% QoQ, Fastest Since Q3 2020
The Bank of Korea revised Q1 2026 GDP growth to +1.8% QoQ, the largest quarterly expansion since Q3 2020, led by facilities investment and semiconductor exports tied to global AI infrastructure.
Pound Falls as Soft UK CPI and Hawkish Fed Decision Weigh
The British pound faced pressure from two fronts: weaker-than-expected UK inflation data and a hawkish first Federal Reserve decision under Kevin Warsh.
Australian Dollar Weakens on Hawkish Fed Decision
The Australian dollar fell as the Federal Reserve delivered a hawkish policy decision under Kevin Warsh, with no supportive domestic data to cushion the blow.
Iran: Hormuz Strait Will Not Return to Pre-War Conditions, Service Charges to Be Imposed
Iran's parliamentary speaker Qalibaf stated that the Strait of Hormuz will not revert to its pre-war state and that Iran will levy charges for services provided, while asserting that this does not contravene international law or navigation rules.
Iran Claims Sovereign Rights in Strait of Hormuz, Will Charge Fees
Iranian official Qalibaf stated that actions by adversaries have transformed Iran's potential in the Strait of Hormuz into reality, asserting sovereignty and announcing fees for passage services.
Iran’s Ghalibaf Accepts US Talks Role Despite Soleimani Killing Objections
Iranian politician Mohammad Bagher Ghalibaf said he initially resisted joining US negotiations, citing President Trump’s role in the 2020 killing of Qasem Soleimani, but accepted the role as a national duty.
US Dollar Jumps as Fed Holds Rates, Hints at Hike
The US Dollar Index surged toward 100.40 after the Federal Reserve left rates unchanged at 3.50%-3.75% in Kevin Warsh’s first meeting, signaling a potential hike ahead.
Iran Speaker Qalibaf Says Even UN-Backed Deal Not Trustworthy
Iranian Parliament Speaker Mohammad Bagher Qalibaf stated that his distrust of the US exceeds anyone else's, adding that even a final agreement backed by a UN Security Council resolution would not be trustworthy, and that Iran's own power remains its only guarantee.
Fortinet Warns of Credential-Harvesting Campaign Targeting Firewalls, VPNs
Fortinet warned of a credential-harvesting campaign targeting its firewalls and VPN gateways, using stolen data and brute-force attacks. The company says the activity is unrelated to any recent incident or advisory.
Fed Holds Rates Steady as Warsh Strikes Hawkish Tone at First Press Conference
The Federal Reserve left interest rates unchanged at 3.50%-3.75% and released updated projections, while new Chair Kevin Warsh delivered a hawkish message and promised reforms at his first press conference.
Fed Chair Warsh Drops Forward Guidance, Market Drops on Uncertainty
In his first press conference, Fed Chair Kevin Warsh announced the end of forward guidance and hinted at eliminating the dot plot, leading to increased uncertainty and a market selloff.
US-Iran Interim Deal: Naval Blockade Lifted, $300B Reconstruction Plan
Iran released the full text of an interim agreement with the US, including commitments to lift the naval blockade, resume shipping through the Strait of Hormuz, and pursue a $300 billion economic reconstruction program.
Strategy's $1.5B Debt Payoff Hits Preferred Stock STRC, Dividends at Risk
Strategy paid off $1.5B in debt, reducing its cash cushion for STRC preferred stock dividends to about 7 months. STRC closed at $91.79, well below par, while rival Strive's SATA offers daily dividends and zero debt.
Iran Deal Text: US Commits to Waivers for Oil, Petrochemical Exports
According to the text of the Iran nuclear agreement, the US has committed to issuing waivers for Iranian oil, petrochemical and derivative exports immediately after signing, lasting until sanctions are fully lifted.
Iran Publishes Full Text of Interim US-Iran Agreement
Iran released the full text of an interim agreement with the U.S., outlining commitments on non-interference, nuclear program limits, sanctions relief, and a $300 billion reconstruction plan.
Dow Jones Gives Up Record After Hawkish Fed Shift
The Dow Jones Industrial Average surrendered its third consecutive record on Wednesday after the Federal Reserve turned hawkish, with markets reacting to Kevin Warsh's first decision as Fed chair.
Dollar Index Surges After Fed's Warsh Holds Rates Steady, Signals Hikes
The US Dollar Index rallied sharply after the Federal Reserve, under new Chair Kevin Warsh, held interest rates unchanged and signaled a shift toward rate hikes, bolstering the greenback.
Euro falls sharply after hawkish Fed hold under Warsh
The Euro sold off heavily after Kevin Warsh’s first meeting as Fed Chair delivered a hawkish surprise, despite leaving the headline rate unchanged. The dot plot projections shifted in a more restrictive direction, triggering a sharp USD rally.
Fed Raises 2026 Rate Forecast to 3.8%, Lifts Inflation Projections
The Federal Reserve's latest dot plot shows policymakers now expect interest rates at 3.8% by end-2026, up from 3.4% in March, while also raising PCE inflation projections.
Fed's Waller Says Central Banking Enters New Chapter, Unswayed by Short-Term Markets
Federal Reserve Governor Christopher Waller stated that the Fed has opened a new chapter for central banking. He acknowledged markets have a lot to digest but reaffirmed that the Fed will not be distracted by short-term reactions and remains committed to price stability.
Fed's Waller: Only One Proposal on Table, Task Forces Make Recommendations Only
Federal Reserve Governor Christopher Waller stated that only one proposal was considered after a few days of internal debate, emphasizing that the Fed is not outsourcing decisions and that task forces will merely provide recommendations.
Fed's Warsh Open to New Techniques, Private Data for Official Statistics
Federal Reserve official Warsh expressed openness to using new analytical techniques and private sector data to reform official statistics, adding that financial markets perform best when reacting to data rather than forward guidance.
Fed Chair Warsh Unveils Shorter Statements, New Task Forces
Fed Chair Warsh announced a shorter policy statement format, said forward guidance is ill-suited to current conditions, and launched five new independent task forces to review the Fed’s economic projections framework. He reaffirmed the 2% inflation target and noted that policy is restrictive for housing but not for financial markets.