The dollar weakened Tuesday following a criminal probe into Fed Chair Jerome Powell, sparking concerns over central bank independence and U.S. asset faith. Investors reacted by selling dollars and Treasuries, with some seeking refuge in gold. While the market reaction was muted, the investigation raises questions about the Fed’s autonomy, a key factor for U.S. ratings.
S&P 500, Dow open slightly higher with big tech results, Fed decision on deck
U.S. stock markets opened with modest gains on Monday as investors anticipated a significant week for corporate earnings and a key Federal Reserve policy announcement.
January 26, 2026