Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Add as a preferred source on Google
The S&P 500 slipped 0.1% Wednesday after the Federal Reserve kept its benchmark interest rate steady at 4.25%-4.5%, marking the first double dissent at the central bank since 1993. Fed governors Michelle Bowman and Christopher Waller voted in favor of a 25 basis-point rate cut, underscoring growing divisions over the future of monetary policy.
The Dow Jones Industrial Average rose 171 points, or 0.4%, while the Nasdaq Composite added 0.2%. The Fed’s decision comes amid ongoing pressure from President Trump, who has called for swift rate cuts to stimulate economic growth.
Economic data released earlier in the day showed U.S. GDP expanding 3% in the second quarter, exceeding forecasts of 2.5% and rebounding from a 0.5% contraction in Q1. Private payrolls also jumped by 104,000 in July, following a revised 23,000 drop in June. These figures precede the closely watched nonfarm payrolls report due Friday.
Investor attention is also on corporate earnings, with Meta Platforms and Microsoft reporting after the bell. Nearly 82% of S&P 500 companies have already beaten expectations this season, including Starbucks, Humana, Etsy, and VF Corporation, which all posted stronger-than-expected revenue.
Meanwhile, U.S.-China trade talks in Sweden ended without major breakthroughs, though both sides described the discussions as constructive. Trade tensions remain heightened as the U.S. prepares to impose a 25% tariff on Indian imports beginning August 1, citing its purchases of Russian military equipment and energy.
Market participants are closely watching upcoming economic reports and corporate earnings to gauge the Fed’s next policy steps and assess the impact of escalating trade measures on global growth.
