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Finance

Warsh\'s second U.S. FOMC as oil back above $100 revives rate-hike expectations

Markets are factoring in the possibility that Federal Reserve Chair Kevin Warsh could raise the policy rate at this week’s meeting. Oil prices have climbed above $100 a barrel as fighting between Iran and the United States resumes, reviving concerns about energy-driven inflation. Rate-hike odds priced in by futures markets have risen sharply, while bond selling has pushed long-term yields higher in the United States and Europe. Strong U.S. jobs data and inflation still above the Fed’s target are also weighing on expectations.

Crypto

Bitcoin stalls as oil surges, rate uncertainty fuels focus on FOMC

Bitcoin is trading around the $66,000 level as markets react to renewed Middle East tensions and focus on the U.S. Federal Open Market Committee meeting on July 29. A rebound in oil prices has revived inflation worries and weighed on risk assets. Technical levels show resistance near $67,000 and around $70,000, while ETF flows have yet to show a clear recovery. Markets largely expect rates to be held.

Crypto

Bitcoin shrugs off Iran shock; S&P 500 short squeeze mentioned

Bitcoin held around $66,000 despite rising tensions between the United States and Iran. It dipped about 1 percent intraday but stayed elevated after climbing near $67,000, a five-week high. Oil prices rose to their highest since June 11, while crypto and U.S. stocks remained relatively steady. A market analysis account highlighted high short interest in the S&P 500 and Russell 3000, raising the possibility of a short squeeze. Traders watched $67,000 as a key level.