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.