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Unexpected moves from the Fed

Unexpected moves from the Fed

Dollar resurgent as Powell gives Fed room to hike.

  • #USD rose to multi-week highs against other major currencies, after #Fed chair Jerome Powell surprised investors by leaving the door open to larger and faster than expected interest rate hikes.
  • US #stocks painted a mixed picture as investors digested how strong economic news could inform the Federal Reserve's thinking on interest rate hikes.
  • Several investment fund providers have tried to launch the first spot #BTC ETF since the SEC permitted futures-backed BTC ETFs in October, but none have succeeded.

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