Wednesday 16 September 2026 07:00 UTC
The Fed delivered a 25bps rate hike to 4.00% at today's FOMC meeting, catching markets off-guard given recent dovish expectations — DXY has surged +0.69% to 100.34 and US10Y sits at 5.01%, creating a clear headwind for risk assets. Trump publicly attacked the decision, adding political noise, while Congress advancing major Russia sanctions legislation introduces additional geopolitical friction into an already stressed macro backdrop. SPX is down -0.45% and gold -0.50%, signalling broad risk-off positioning that crypto cannot easily decouple from tonight.