In today’s episode of The Morning After-Market Brief, markets traded in a cautious holding pattern ahead of the Federal Reserve’s final interest rate decision of the year. The Dow Jones slipped 179 points as JPMorgan tumbled on higher-than-expected 2026 expense forecasts, while the S&P 500 was flat and the Nasdaq posted a small gain. Across Europe and Asia, sentiment was similarly subdued, with most major indices edging lower as traders braced for a busy week of central bank meetings.

Commodities delivered the biggest headlines: oil prices extended their decline, gold climbed again, and silver surged to a new all-time high. In forex, the US Dollar saw mixed performance, with EUR/USD consolidating, GBP/USD easing, AUD/USD extending its uptrend, and USD/JPY strengthening further. Treasury yields held steady ahead of the Fed, while US labour data showed slowing hiring and a drop in voluntary quits, keeping inflation concerns on the radar.

We also cover the day’s standout stock movers, from crypto-linked gains and silver miner rallies to sharp declines in financials and consumer names. With markets laser-focused on the Fed’s guidance for 2026, investors now await Chair Jerome Powell’s message and what it means for the year-end rally.

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