Stocks inch lower, dollar firm as Fed focus intensifies; crypto soars

FILE PHOTO: Pedestrians walk past an electric monitor displaying the Japan ese yen exchange rate against the U.S. dollar outside a brokerage in TokyoTOKYO - Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve 's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year.

Traders rushed to rebuild easing bets after data earlier this month showed consumer price pressures mitigated in April, following a string of three months of upside surprises at the start of the year. Gold eased 0.2% to about $2,420 per ounce, after pushing to the cusp of $2,450 for the first time overnight.

Meanwhile, the standout performers of Monday continued their rise, as traders snapped up cryptocurrencies following a report that the SEC had abruptly asked exchanges that want to trade ether ETFs to update regulatory filings, boosting bets that approval could come this week.

Source: News Formal (newsformal.com)

Federal Reserve

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks open lower ahead of Fed's rate decision on WednesdayUS stock market indexes (^DJI, ^IXIC, ^GSPC) open Tuesday's session lower as equities are listening closely to the Federal Reserve's interest rate decision...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks to Follow US Rally With Focus on CPI: Markets Wrap(Bloomberg) -- Stocks in Asia are poised to follow a big tech-led rally in US benchmarks, as investors look to key inflation data later Wednesday for clues...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks to Follow US Rally With Focus on CPI: Markets WrapStocks in Asia are poised to follow a big tech-led rally in US benchmarks, as investors look to key inflation data later Wednesday for clues on the Federal Reserve’s next steps.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Fed's Williams says next Fed move likely to be lower ratesThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Fed's Williams says next Fed move likely to be lower ratesExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Fed's Williams says next Fed move likely to be lower ratesFederal Reserve Bank of New York President John Williams said Monday that at some undefined point the U.S. central bank will lower its interest rate target...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »