Fed holds rates at 3.5%-3.75% in 9-3 vote as Dow sinks 1,153.18 points and oil jumps
The Fed held rates at 3.5%-3.75% but a 9-3 split highlighted internal policy disagreement, pushing yields higher and weighing on risk assets as U.S. equities sold off sharply. Simultaneously, escalating Middle East tensions and U.S. strikes on Iran boosted concerns of a prolonged conflict, driving a sharp spike in crude. Tech was mixed, with Meta hit on guidance while Microsoft beat on revenue.
Affected assets
NCCO1OILBRENT2USD/USDT+1.76%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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The U.S. Federal Reserve kept its federal funds target range at 3.5%-3.75%, but a 9-3 split highlighted internal divisions. Risk appetite cooled sharply after President Donald Trump warned of heightened geopolitical risks and investors worried the conflict could drag on. The Dow Jones Industrial Average plunged 1,153.18 points (2.19%) in its biggest one-day drop since April 2025, while Brent crude surged 7.9% to $90.74 a barrel and WTI rose 6.6% to $84.46.