Brazil Interest Rate Decision meets expectations (14.5%)

Apr 29, 2026

Forex Today: US Dollar surges amid Fed's hawkish hold in Powell’s last meeting

The US Dollar Index (DXY) is trading near the 99.00 price zone on Wednesday after the Federal Reserve (Fed) decided to keep interest rates on hold. This was Chairman Jerome Powell's last meeting as head of the Fed.

Dow Jones Industrial Average drops as Powell signs off: is $650B in AI capex the next risk?

Wednesday's session had every excuse to rally. The Federal Reserve (Fed) decision was telegraphed. Big Tech earnings were teed up. The Dow Jones Industrial Average (DJIA) had reclaimed 49,000 just two days earlier.