Bitget UEX Daily | Fed Dot Plot Turns Significantly Hawkish, Micron Guidance Soars Then Dips, Middle East Oil and Gas Facilities Attacked
Bitget UEX Daily: Fed Turns Hawkish, Micron's Guidance Sparks Volatility, and Middle East Tensions Escalate
The Federal Reserve held rates steady, but the dot plot signaled a sharp hawkish shift, with most officials projecting zero or only one rate cut this year. This reinforced the "higher for longer" narrative, pressuring risk assets and boosting the dollar.
Geopolitical risks intensified as Iran and Israel attacked each other's oil and gas facilities, driving oil prices higher amid supply disruption fears. WTI rose 3.38% to $98.72, while gold fell sharply, losing the $4900 level as high rates reduced its appeal.
In equities, major indices declined: the Dow fell 1.63%, and the S&P 500 hit a new low since November. Tech giants like NVIDIA, Apple, and Microsoft saw broad selling. Micron surged then reversed after issuing blowout guidance, with revenue nearly doubling YoY, but its aggressive capex plan raised concerns.
Cryptocurrencies fell in tandem with risk-off sentiment: BTC dropped 3.43% to ~$71,081, and ETH fell 4.94%. Crypto total market cap declined to ~$2.53T.
Key events to watch include U.S. PPI data and the Fed's policy decision, with heightened volatility expected.
marsbit5h ago
