The FOMC decided to cut interest rates by 25 bps at the July meeting and end a program of balance sheet reduction. However, markets were seeing a small chance for even more action in terms of 50 bps cut. Meanwhile, 2 members preferred no cut at all, suggesting possibly less space for future cuts. EURUSD sunk below 1.11 and gold prices slid as a result. Fed’s Powell conference will begin at 7:30pm BST.
Chart of the Day 📉 DE40 Falls 0.7% and Tests Key Support Amid Weak European Market Sentiment (October 8, 2026)
Economic Calendar: U.S. Jobless Claims and ECB Meeting Minutes in Focus (08.10.2026)
Morning wrap: Wall Street and precious metals attempt to stabilize as oil gains nearly 2%
BREAKING: EURUSD with limited reaction to Fed Minutes from September meeting