Federal Reserve interest rate decision centers global market focus

Global financial markets are focused on the Federal Reserve's upcoming interest rate decision. Markets have fully priced in a 25 basis point increase, driven by resilient employment data and high inflation expectations. Investors are closely monitoring the Fed's decision text, macroeconomic forecasts, and future interest rate projections.

In the bond market, the US 10-year Treasury yield stabilized around 5% after recently hitting a multi-year high of 5.04%. Meanwhile, in the cryptocurrency sector, Bitcoin fell to approximately $75,780 following the failure of the US Senate to reach a majority vote on the 'CLARITY Act,' a bill intended to establish a regulatory framework for digital assets. This legislative setback also contributed to a nearly 10% drop in Coinbase shares.