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Asia mid-session: Fed flags stagflation risk, US dollar rebounds, risk-off in equities

The Fed held rates steady for a fourth meeting, warning tariffs may fuel inflation. Its latest projections signaled slower growth and higher inflation through 2027, raising stagflation risks. The US dollar firmed, while Asian stocks slumped on fears of a US-Iran escalation. Oil extended gains, and Gold stayed range-bound, supported by safe-haven demand amid rising geopolitical tensions.

19-06-2025 06:34 GMT by Kelvin Wong

Asia mid-session: Geopolitical tensions fuel oil surge, hit stocks, while Silver outperforms Gold

Geopolitical tensions flared as US President Trump threatened Iran with “unconditional surrender,” triggering a risk-off move across US equities. Crude oil spiked 5.3% on fears Iran may close the Strait of Hormuz, while gold slipped amid rotation into silver. The US dollar rallied, led by losses in GBP. Markets now turn to the Fed’s policy decision and updated economic projections for direction.

18-06-2025 06:30 GMT by Kelvin Wong