Before the Fed decision the dollar index was flat amid unusually high outcome uncertainty. Goldman Sachs economists expect the Fed to hold today but anticipate at least one dissenting vote for a hike, noting war-driven energy-price volatility clouds the outlook. Market pricing assigns roughly a 30% chance of a rate increase today; CME data shows investors have priced in a September hike. Goldman says if the Fed holds, FX markets will focus on how much previously priced-in tightening shifts to la

Australia's June CPI came in below expectations, easing near-term pressure on the Reserve Bank of Australia (RBA) to tighten policy and giving the bank more room to assess the outlook. The Australian dollar and local government bond yields fell after the print. The RBA raised rates at its first three meetings this year to curb inflation that emerged before the US–Iran-driven global energy shock. Despite prices remaining elevated, another tightening at the August 11 meeting—when the RBA will publish updated quarterly forecasts—now looks less likely.

Arm(ARM.O)在盤後交易中跌幅擴大至8%。