SINGAPORE (Reuters) -The dollar flirted with a two-year peak on Thursday after the Federal Reserve signalled a slower pace of rate cuts in 2025, while the yen blipped lower after the Bank of Japan (BOJ) stood pat on rates. The BOJ kept interest rates steady earlier in the day, as expected, though one dissenting board member's proposal to push up borrowing costs showed the central bank remains on track to tighten policy early next year. The yen fell in the wake of the decision and weakened more than 0.3% against the dollar to a one-month low of 155.43.
The Dow Jones lost 1,100 points as the stock market plunged on the Fed rate outlook. Tesla was a big loser. Micron dived late on guidance.
Alexander Paffendorf texted shooter Natalie Rupnow in an alleged plan to coordinate an attack on a government building during the shooting, according to a restraining order