Oil and bitcoin are rallying while stocks are mixed as traders weigh the Fed's more measured take on rate cuts

Fed Chair Jerome Powell poured cold water on traders' hopes for a cut to interest rates next month. The stance appears"fully priced in the asset prices," says one analyst. Rising tensions between the US and Iran and the ongoing US-China trade war drove oil higher. Bitcoin rallied 12%. View Markets Insider's homepage for more stories.

Fed Chair Jerome Powell poured cold water on traders' hopes for a cut to interest rates next month. The stance appears"fully priced in the asset prices," says one analyst. Rising tensions between the US and Iran and the ongoing US-China trade war drove oil higher. Bitcoin rallied 12%. View Markets Insider's homepage for more stories.

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