The US and the UK are expected to announce a trade deal today [Video]
|This week’s Federal Reserve (Fed) meeting went according to plan. It was hawkish—though just about as hawkish as expected. The Fed kept interest rates unchanged, as widely anticipated, and signalled it's in no rush to cut them before gathering more data to assess the real impact of the tariff policy. It believes tariffs could lead to higher inflation and higher unemployment. And even though the spike in inflation is expected to be temporary, there’s a chance it could linger.
The US 2-year yield rebounded after the decision, the probability of a June cut eased to 20%, and US equities came under pressure.
But the headlines shifted quickly: news that the Trump administration would scrap the AI chip curbs engineered by Biden gave a late boost to major indices in the final half-hour of trading. Nvidia—flat for most of the session—rallied over 3% in the last 30 minutes.
And the US and the UK are expected to announce a trade deal today!
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.