Fed: Rate Hold Adds $1.6 Trillion to Markets
Fed holds rates steady instead of hiking, adding $1.6 trillion to US stocks, gold, silver and crypto in two hours with SPX +1.14% and gold +2.38%.
SourceAnalysis
The Fed held rates steady instead of hiking, driving a $1.6 trillion surge across US stocks, gold, silver and crypto in two hours. SPX rose 1.14% for $760 billion added, gold climbed 2.38% adding $650 billion, silver jumped 3.97% for $110 billion and crypto gained 1.62% with $30 billion added, per @BullTheoryio. The move highlights the Fed rate decision impact on precious metals surge and crypto market reaction.
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