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

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Geopolitical tensions drove oil prices higher, while bitcoin soared 12%. European stocks are flat, US futures are slightly up, while Asia fell.

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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