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Federal Reserve News 30 January 2026

Gold price tumbles nearly 9% after Warsh Fed pick; silver hit by record plunge

Gold price tumbles nearly 9% after Warsh Fed pick; silver hit by record plunge

Spot gold fell 8.9% to $4,915 an ounce in New York, heading for its steepest daily drop since 1983 after President Trump named Kevin Warsh as his pick for Federal Reserve chair. Silver plunged nearly 22% as the dollar strengthened and traders scaled back bets on U.S. rate cuts. Gold had reached a record above $5,500 just a day earlier. Markets now look to the Fed handover and upcoming U.S. economic data.
30 January 2026
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JPMorgan stock slips as Trump taps Warsh for Fed — what traders watch next week

JPMorgan stock slips as Trump taps Warsh for Fed — what traders watch next week

JPMorgan shares fell 0.5% to $305 in late morning trading Friday after President Trump nominated Kevin Warsh to lead the Federal Reserve, raising expectations of a tougher rate stance. Producer prices rose more than forecast in December. The 10-year Treasury yield hovered near 4.25%. Investors await the U.S. jobs report on Feb. 6 and JPMorgan’s company update on Feb. 23.
30 January 2026
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Silver price today: XAG/USD tumbles near $100 as Warsh Fed pick jolts metals

Silver price today: XAG/USD tumbles near $100 as Warsh Fed pick jolts metals

Spot silver plunged 13.9% to $99.94 an ounce Friday after hitting a record $121.64 Thursday, as Trump named Kevin Warsh Fed chair pick, boosting the dollar and damping rate-cut hopes. Silver ETFs and miners tumbled, with SLV down 15%. CME raised margin requirements on silver futures. Fresh U.S. producer price data showed a 0.5% rise in December, above forecasts.
30 January 2026
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Bitcoin price today: BTC slips toward $83,000 as Warsh Fed pick rattles risk trades

Bitcoin price today: BTC slips toward $83,000 as Warsh Fed pick rattles risk trades

Bitcoin fell 2.4% to $83,331 in New York after President Donald Trump nominated Kevin Warsh as the next Federal Reserve chair, pushing the dollar higher and rattling risk assets. Ether dropped 2.6% to $2,741. The Senate must confirm Warsh, who could shift Fed policy on rates and liquidity. Microsoft shares also slid after reporting record AI expenses and slower cloud growth.
30 January 2026
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Gold price today: Bullion slips below $5,000 after Trump taps Warsh for Fed chair

Gold price today: Bullion slips below $5,000 after Trump taps Warsh for Fed chair

Spot gold plunged as low as $4,957.54 an ounce Friday after President Trump named Kevin Warsh as his pick for Federal Reserve chair, boosting the dollar and triggering profit-taking. The drop ended gold’s record rally, with prices down 5.7% by midday. Canada’s S&P/TSX Composite fell 1.53% on weaker gold and oil. Traders are watching next week’s U.S. jobs and inflation data for further direction.
30 January 2026
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Dow Jones today: Warsh Fed chair pick knocks Wall Street as investors eye jobs report, Big Tech earnings

Dow Jones today: Warsh Fed chair pick knocks Wall Street as investors eye jobs report, Big Tech earnings

The Dow fell 115.38 points, or 0.24%, to 48,956.18 Friday morning after President Trump nominated Kevin Warsh to replace Jerome Powell as Fed chair. Investors weighed concerns over Fed independence and future interest rates. Warsh’s confirmation faces a Senate hurdle as Senator Thom Tillis vows to block nominees until a DOJ probe into Powell concludes. Markets now await major earnings and the Feb. 6 jobs report.
30 January 2026
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XRP price slides nearly 7% as Fed chair talk jolts crypto — what traders watch next

XRP price slides nearly 7% as Fed chair talk jolts crypto — what traders watch next

XRP fell 6.7% to about $1.75 Friday, tracking a broad crypto selloff as bitcoin and ether hit two-month lows. Investors weighed uncertainty over U.S. crypto regulation and the pending Fed chair announcement, with Jerome Powell expected to be replaced after a White House meeting Monday. Senate committee advanced a crypto oversight bill, but its fate in the full Senate remains unclear.
30 January 2026
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Bitcoin price tumbles near $82,000 as Fed chair suspense and ETF exits bite

Bitcoin price tumbles near $82,000 as Fed chair suspense and ETF exits bite

Bitcoin fell 5.9% to $82,667 and ether dropped 6.9% to $2,733 as traders cut risk ahead of month-end. U.S. spot bitcoin ETFs saw $817.8 million in outflows on Jan. 29, led by BlackRock’s IBIT and Fidelity’s FBTC. Markets focused on President Trump’s pending Fed chair pick, with Kevin Warsh favored. Wall Street futures slipped and Microsoft lost about 10% after investor doubts over AI spending.
30 January 2026
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Stock market today: Wall Street futures slide on Trump Fed chair pick talk, Nasdaq hit by Microsoft fallout

Stock market today: Wall Street futures slide on Trump Fed chair pick talk, Nasdaq hit by Microsoft fallout

U.S. stock index futures fell early Friday, with S&P 500 E-minis down 1.04% and Nasdaq 100 E-minis off 1.31%, after reports President Trump will nominate Kevin Warsh as Fed chair. Microsoft shares dropped 6.5% in after-hours trading following record AI spending and slower revenue growth. Apple projected 13–16% revenue growth but warned of supply and memory cost pressures. The December Producer Price Index is due at 8:30 a.m. ET.
30 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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