US jobless claims fall to 194K, below the 199K forecast
US initial jobless claims dropped to 194,000 for the week ending October 24, below estimates of 199,000 and slightly under the prior week's revised 195,000, the Department of Labor reported.
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US headline PCE inflation climbs to 3.6% in September
Annual headline inflation measured by the Personal Consumption Expenditures (PCE) index rose to 3.6% in September from 3.4% in August, matching earlier estimates and supporting a firmer US Dollar.
US GDP growth accelerates to 3.4% in third quarter of 2026
The US economy expanded at an annualized 3.4% pace in the third quarter of 2026, up from 2.2% in the second quarter, the Bureau of Economic Analysis said in its advance estimate.
Indian bond yields edge down as US Treasuries and oil cool
India's benchmark 10-year bond yield fell 3 basis points to 7.4091% as falling US Treasury yields and softer oil prices offset pressure from a weaker rupee and an upcoming large debt sale.
China tech stocks tumble even as Fed stands pat on rates
Chinese markets fell at midday as a sharp decline in technology and AI shares outweighed the US Federal Reserve's choice to hold borrowing costs steady. The Shanghai Composite shed 0.9% and the tech-focused STAR50 gauge sank 4.2%.
Fed holds rates at 3.75%-4%, two policymakers dissent for a hike
The US Federal Reserve kept its benchmark rate unchanged in a 10-2 vote on Wednesday, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of a quarter-point increase.
Fed set to hold rates steady, with eyes on Warsh over December hike odds
The US Federal Reserve is widely expected to leave its policy rate unchanged on Wednesday, with markets pricing in roughly a 9% chance of a hike. Attention shifts to Fed Chair Kevin Warsh's press conference for signals on a possible December move.
Pound falls to 1.3290 as traders await Healey budget and Fed decision
GBP/USD slipped for a fourth straight session to around 1.3290 as markets braced for UK Finance Minister John Healey's first budget and the US Federal Reserve's rate decision, both due later Wednesday.
Gold claws back above $4,050 as oil eases, Fed decision looms
Gold rebounded above $4,050 after briefly dipping under $4,000, helped by softer oil prices, even as the US dollar and Treasury yields firmed. OCBC strategists say the metal's next move hinges on the Fed and Thursday's core PCE data.
Dollar index climbs near 102.40 as Fed decision looms
The US Dollar Index edged up toward 102.40 on Wednesday, close to a two-week high, as traders awaited the Federal Reserve's rate decision later in the day.