Markets grappled with a divided Federal Reserve and Iran peace talks that failed to break the deadlock, sparking volatility across assets. The dollar index climbed above 99 after the Federal Reserve delivered its most divided vote since October 1992, holding rates steady at 3.50–3.75 percent in an 8-4 split. One official voted for a cut, while three others agreed with the hold but objected to the easing bias in the statement language, a signal that prompted traders to price out rate cuts entirely for 2026. The macro backdrop was mixed but broadly resilient as Q1 GDP grew at an annualised…
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