The U.S. Federal Reserve has lowered its benchmark interest rate by 25 basis points to a range of 4.25%-4.50%, marking the third rate cut this year and a total of 100 basis points since September. Despite strong economic growth and rising inflation, this decision was anticipated by the Market. The Fed’s new projections indicate that ...
The Federal Reserve recently lowered its key interest rate by 0.25 percentage points, marking the third consecutive cut. The new target range for overnight borrowing is now between 4.25% and 4.5%. Despite this reduction, the Fed remains cautious about future cuts due to ongoing inflation and solid economic growth. Chair Jerome Powell emphasized the need ...
Federal Reserve Chair Jerome Powell recently discussed Bitcoin at the New York Times DealBook Summit, stating that he views it as a competitor to gold rather than the US dollar. He pointed out that while people invest in Bitcoin as a speculative asset, they don’t use it much for transactions or as a stable store ...
