Federal Reserve issues FOMC statement
Source: Federal Reserve
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DW NOTE
The Fed holds rates at 3.5-3.75% while inflation remains "elevated" — no target named, no timeline given. The only concrete admission: uncertainty from the Middle East conflict is now significant enough to appear in the statement itself. That's not background colour; that's a supply shock they cannot control and will not name.
Oil prices hit the $100 per barrel mark early on Wednesday in Asian trade as the ongoing crisis in the Middle East has diminished hopes of U.S.-Iran talks and a return to normal oil flows soon. As of early morning trade in Europe on Wednesday, the international benchmark, Brent Crude, jumped by 2.2
Bitcoin advanced to as high as $79,700 while Brent crude topped $100 and European shares fell, leaving crypto tracking gold rather than equities.
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