Episode Details

The Dow added 87.37 points, or 0.23%, to close at 37,903.29. The S&P 500 lost 0.34% to close at 5,018.39, while the Nasdaq Composite slid 0.33% to settle at 15,605.48.  At one point, the S&P 500 was up 1.2%, while the Nasdaq climbed more than 1.7%.

Fed leaves rates unchanged. QT slightly reduced. Data-dependent but unlikely to see rate rises.

ASX to fall. SPI Futures down points (-0.07%).

NAB and WOW in focus.

• Copper fell 0.48% on profit-taking following the sharpest rally in years.
• Gold jumped 1.41% as the USD and treasury yields tumbled lower after the Fed’s interest rate decision.
• Oil prices fell sharply to a seven-week low on a surprise build in US crude stocks.  WTI -3.34% and Brent Crude -4.85%.
• 10Y Bond Yields – US 4.641%, Australia 4.490%, and Germany 2.584%.
• Currencies – AUD -0.05%, USD Index -0.51%, Euro +0.01%, and Bitcoin -4.14%.
• Base metals finished lower as the USD Index was close to a six-month high ahead of the FOMC decision before tumbling. Nickel -1.96%, Aluminium -0.23%, Zinc -0.95%, Lead -1.74% and Tin -1.44%.

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