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 U.S. Federal Reserve has lowered its benchmark interest rate by 25 basis points, bringing it to a range of 4.25% to 4.50%. This marks the third consecutive rate cut this year, totaling 100 basis points since September. While the Market anticipated this move, recent data indicated strong economic growth and rising inflation, leading to ...
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 ...
Texas legislators are taking a significant step in reshaping the financial landscape by proposing bills to create a state-backed digital currency redeemable in gold and silver. Introduced by State Representative Mark Dorazio, these bills—House Bill 1049 and House Bill 1056—aim to offer Texans a stable monetary alternative to the traditional federal currency. This digital currency ...
As November begins, markets are feeling the pressure. While central banks have adopted dovish stances and economies are expanding, the recent decrease in inflation has raised concerns about market vulnerability. Analysts are cautioning that a shift in central bank policies or unexpected economic developments could quickly alter the current favorable landscape, leaving investors on edge.
Veronica Clark, a US economist at Citi Research, anticipates that the Federal Reserve will lower interest rates by 50 basis points during its December meeting. She shared these insights during her appearance on "Bloomberg The Close."
Swiss inflation has unexpectedly slowed, raising concerns about the central bank potentially missing its target. This development strengthens the argument for further interest-rate cuts, as policymakers may seek to stimulate the economy amid decreasing price pressures. Investors and analysts are now closely watching for the central bank's next moves.
The latest employment report, released on Friday, is the final data the Federal Reserve will review before its upcoming policy meeting next week. However, analysts find the data challenging to interpret.
Goldman Sachs Group Inc. reports that US money markets are preparing for a familiar month-end trend. This week, there’s expected to be a noticeable spike in overnight lending rates. This increase is linked to Wall Street banks managing a significant influx of new Treasuries.
