Gold price retreats during the North American session as the Federal Reserve keeps rates steady while also revealed that the labor market stabilized, which warrants maintaining the Fed funds rate higher for longer.
EUR/USD fluctuated but remained relatively stable within Wednesday’s pre-existing price action range after the Federal Reserve (Fed) announced it would keep interest rates in the 3.5-3.75% range, emphasizing its data-dependent approach.
Tether announced on Tuesday the launch of USAT, a new federally regulated stablecoin designed specifically for the United States market under the recently enacted GENIUS Act framework.