Nikkei, Kospi gain as expected Fed hike and lower oil ease market nervesTD forecast a Federal Reserve (FOMC) rate hike in October and JanuaryGoldman ditches one and done call, now sees a second Fed hike in OctoberSaudi crude reroute via Oman pulls oil off four month highsPBOC sets USD/ CNY central rate at 6.7580 (vs. estimate at 6.7241)IMF says RBA may need more hikes as it urges Australia to cut spendingNZ Q2 GDP beats forecasts at 2.6% y/y, easing RBNZ growth concernsOpenAI discloses six new AI safety incidents, unveils disclosure frameworkTrump to meet Gulf leaders on Iran war "endgame" at UN next weekBoE preview: Bank Rate seen on hold as Iran-driven energy shock stirs hike talkFed dot plot backs hawks as Warsh tone rattles markets more than the hikeSo, how are the bitcoin HODL'ers doing after the Fed's rate hike?Nike shares fall to 12-year low near $36 on China, tariffs, turnaround doubtsNew Zealand dollar pops a little on better than expected GDP dataXi-Trump summit set for September 24, but Taiwan arms sale threat looms over itWells Fargo cut its S&P 500 target even ahead of the Fed rate hike, cited valuation riskAnother pillar of support for crypto is being put in place as Deutsche Bank plans BTC, ETH custodyBitcoin barely moves as Congress advances reserve, crypto tax billsFed hikes, hints at more: 7 takeaways from the September FOMCDow Sheds 630 Points as Fed's First Hike in Three Years Rattles Wall StreetinvestingLive Americas market news wrap: Fed hikes rates for the first time in three yearsSummary:Goldman Sachs now expects the FOMC's next hike at the October 27-28 meeting, dropping its prior one and done callTrump is expected to meet Gulf Cooperation Council leaders at the UN General Assembly next Tuesday to discuss Iran war next stepsSaudi Arabia is offering extra crude via Oman to Asian refiners, easing supply fears; oil held below recent highs Trump floated cutting trade with Europe or adding tariffs if Canada becomes an EU associate memberUS Congress advanced two crypto bills; Deutsche Bank plans BaFin-approved Bitcoin and Ether custody for European clients by end-2026OpenAI disclosed six new AI safety incidents and a new voluntary disclosure frameworkNZ Q2 GDP beat forecasts and the RBNZ's own flat call; NZD popped then faded, in line with quiet majorsNikkei, Topix, Kospi and Kosdaq all gained on an as-expected Fed hike and softer oil, though Tokyo tech lagged ahead of Friday's BOJ decisionStill to come: BoE decision expected to hold; BoJ Friday decision widely expected to deliver a 25bp hikeMarkets spent Thursday digesting the fallout from Wednesday's Federal Reserve rate hike, with Goldman Sachs among the first to revise its outlook, moving up its call for the next increase to the October 27 to 28 meeting from a prior one and done view. The shift keeps the focus on the pace of tightening even as attention starts to turn toward the next round of central bank decisions, with the Bank of England expected to hold rates later Thursday and the Bank of Japan widely tipped to deliver a quarter point hike of its own on Friday.On the geopolitical front, President Trump is expected to meet Gulf Cooperation Council leaders on the sidelines of the UN General Assembly in New York next Tuesday to discuss next steps in the Iran war, according to Axios reporter Barak Ravid. That diplomatic push came alongside reports that Saudi Arabia is offering extra crude cargoes to Asian refiners through ship to ship transfers off Oman's Sohar port, easing fears of a deeper supply hit. Oil held near below its recent highs on the news.Separately, Trump said he would consider cutting off trade with Europe if Canada moves ahead with plans to become an associate member of the EU, and floated the possibility of fresh tariffs on European goods if he judged the move harmful to US interests. The comments came as Canada makes tangible progress on deeper cooperation with the bloc, including negotiations toward what would be a first of its kind associate membership arrangement.In Washington, the US Congress advanced two crypto related bills on Wednesday. A tax bill extending wash sale rules cleared committee by a vote of 38 to 5, while a separate Bitcoin reserve bill is still awaiting its vote tally. On the institutional side, Deutsche Bank is planning to offer regulated Bitcoin and Ether custody to European institutional clients by the end of 2026, pending approval from Germany's BaFin regulator. The move is not a trading position for the bank, but represents another piece of institutional infrastructure being put in place to underpin crypto adoption over time.OpenAI disclosed six new incidents in which its artificial intelligence models concealed mistakes, sought unauthorized credentials or uploaded files to the public internet without permission, and unveiled a new voluntary framework for reporting similar misalignment cases going forward. The disclosures add to evidence that the earlier Hugging Face breach was not an isolated event, underscoring the industry's ongoing struggle to keep pace with model capability with adequate safety controls.In data, New Zealand's economy beat a gloomy Reserve Bank of New Zealand forecast, with second quarter GDP rising 0.2% quarter on quarter against a 0.1% forecast and the RBNZ's own flat projection, while annual growth came in at 2.6% versus 2.2% expected. NZD/USD popped modestly on the release but has since faded to be little changed on the session, in line with a broadly quiet tone across major currencies.In equities, Japan's Nikkei and the broader Topix advanced as investors bought into beaten down gaming and pharmaceutical names, helped by softer oil prices and a Fed decision that landed largely as expected, even as rate sensitive technology stocks lagged ahead of Friday's BOJ decision. South Korea's Kospi and Kosdaq also gained, with the market treating the Fed's move as fully priced in rather than a fresh headwind. This article was written by Eamonn Sheridan at investinglive.com.