Fed officials divided on future path for interest rates
The minutes indicated that Fed officials discussed a wide range of scenarios for how the economy and monetary policy could evolve. Participants generally judged that upside risks to inflation remained elevated. A few officials noted that, given these risks, there...
Read more
AscendEX Ceases Operations Following MiCA Implementation
URL: /ascendex-shutdown-withdrawals # AscendEX Ceases Operations Following MiCA Implementation News Summary: Crypto exchange AscendEX ceased operations effective July 1, citing regulatory pressure and broader financial and operational challenges. The platform, which does not hold authorization under the European Union’s MiCA...
Read more
Gold Rebounds as Iran Tensions and Fed Outlook Drive Market Focus
Gold Recovers After Sharp Sell-Off Linked to Iran Tensions Spot gold climbed nearly 0.6% to $4,128.81 an ounce by 01:58 ET (05:58 GMT) on Wednesday, after dropping 1.6% on Tuesday. Gold futures, however, were down 0.4% at $4,139.41 per ounce....
Read more
KOSPI Enters Bear-Market Territory as Chipmakers Lead Broad Tech Sell-Off
KOSPI Slides More Than 20% from June Peak The KOSPI fell as much as 5.4% during the session to an intraday low of 7,222.60 points before closing 5.35% lower at 7,246.79. The closing level placed the index more than 20%...
Read more
Oil Prices Jump as US Launches New Strikes on Iran and Reimposes Sanctions
Oil Markets React to Heightened Tensions West Texas Intermediate (WTI) crude futures climbed 2.8% to $72.28 a barrel by 19:04 ET (20:26 GMT), while Brent crude futures rose 2.8% to $76.25 a barrel. The gains came as traders responded to...
Read more
