Dow Jones Top Markets Headlines at 3 AM ET: The Fed Held Steady on Rates, Leaving Investors to Sit Tight, Too | The ...

In early U.S. trading coverage at 3 a.m. ET, markets were described as largely calm after the Federal Reserve held rates steady, prompting investors to “sit tight” rather than expect immediate action. Stocks and long-term bond yields edged higher after Fed Chairman Kevin Warsh signaled hesitation about hiking aggressively. The excerpt also referenced the RBA, where markets were “all but certain” of a fifth rate hike next week, and discussed persistent oil prices still above $100 a barrel despite diplomatic headlines tied to the Gulf. Other items included signals from PCE inflation ahead of December decisions, EIA data showing U.S. commercial crude oil inventories down for a fourth straight week, and Bank of Canada’s move to 2.50%.