India Federal Fiscal Deficit, INR increased to 4513.7B in June from previous 2102.87B

The EUR/USD pair nears December's high at 1.1681 following the Fed’s decision to deliver a 25 basis points rate cut. Fed median projection maintains 25 bps of rate cuts in 2026.

GBP/USD gains upward traction as the USD eased following the Federal Reserve decision to trim the benchmark interest rate by 25 bps. FOMC divided, Summary of Economic Projections shows no relevant changes.

Gold prices ticked marginally higher after the US central bank's monetary policy announcement, trading just above the $4,200 mark. A better market mood limits demand for the safe-haven metal.

The United States (US) Federal Reserve (Fed) will announce its interest rate decision on Wednesday, with markets widely expecting the US central bank to deliver a final 25 bps cut for 2025.

This morning's Employment Cost Index (ECI) reading offered additional evidence that the gradual softening in the labor market is translating to slower compensation growth.

Hyperliquid is trading above $28.00 at the time of writing on Wednesday, after rebounding from support at $27.50. The broader cryptocurrency market is characterised by widespread intraday losses ahead of the Fed monetary policy decision.