The Latest Breaking News from US Federal Reserve

The dollar index (DXY00 ) Monday rose by +0.23% and posted a new 2-year high. The dollar on Monday had carryover support from last Friday’s stronger-than-expected US Dec payroll report that reduced the chances of Fed rate cuts. Also, higher bond yields on Monday strengthened the dollar’s interest rate differentials...

Last week’s blowout jobs report has Wall Street wondering whether the Fed will continue its rate-cutting regime in 2025.

The S&P 500 Trump-election rally has all but vanished, and the bitcoin price is near a two-month low as markets now see just one Federal Reserve rate cut this year.

The equity sell-off tracked hefty losses on Wall Street, where all three main indexes finished more than one percent lower as the new trading year continued to falter.

March S&P 500 E-Mini futures (ESH25) are down -0.83%, and March Nasdaq 100 E-Mini futures (NQH25) are down -1.26% this morning while Treasury yields continued to rise as investors trimmed bets on Federal Reserve interest rate cuts following Friday’s strong payroll data.

Asian stocks have retreated after U.S. stocks fell as good news on the job market raised worries over inflation

Asian markets tumbled Monday after an outsized US jobs report dealt another blow to hopes for more interest rate cuts, while oil extended a rally sparked by new sanctions on Russia's energy sector.

"Inflation is stuck above target and risks are skewed to the upside. Economic activity is robust. We see little reason for additional easing."

Donald Trump is set to be inaugurated later this month, and gold and bank ETFs promise to be savvy investments under his presidency.