Fed cuts rates by quarter point, scales back cuts for 2025
The Federal Reserve reduced interest rates by a quarter percentage point Wednesday and scaled back the number of cuts it expects to make next year.
Gold Falls to One-Month Low After Fed Signals Less Easing
(Bloomberg) -- Gold fell to the lowest price in a month after the Federal Reserve reduced interest rates and forecast less monetary easing for 2025.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousUS policymakers lowered their benchmark interest rate for a third consecutive time on Wednesday, but reined in the number of cuts they expect in 2025, signaling greater caution over how quickly they can continue reducing borrowing costs.New quarterly forecasts show
Fed's Powell not ready to say what Trump policies will do to economy
Federal Reserve Chairman Jerome Powell said Wednesday it's too soon to say what President-elect Donald Trump's proposed economic policies will do to the economy and how that might bear on the central bank's policy choices. "We need to take our time, not rush” and see what the new president delivers, Powell said, amid economists' expectations that tariffs and deportations favored by Trump are likely to push inflation higher.
Harvard Students Propose Bitcoin-Backed Stablecoin Using Elastos Technology
The BeL2 protocol sets itself apart from other Bitcoin Layer 2 solutions like the Lightning Network or Stacks.
How Wall Street’s Relationship With Bitcoin Will Transform in 2025: 5 Predictions
From MicroStrategy splitting its stock to major banks acquiring crypto firms, bitcoin is about to enter its “Wall Street” era.
Michael Saylor Says He’s Willing to Advise Trump Administration on Crypto: ‘I’ve Met With A Lot of People..’
Saylor said he is willing to serve as an advisor on cryptocurrency matters.
Fed Tweaks Rate on Key RRP Tool for First Time Since 2021
(Bloomberg) -- The Federal Reserve, in addition to its main interest-rate cut, lowered the rate on a facility used to help control its benchmark as it aims to keep US funding markets running smoothly.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousOfficials lowered the rate on the overnight reverse repurchase agreement facility relative to the lower bound of the target range by 5 basis points, according to their Wednesday policy statement. Taken together wi
Nissan stock surges 30% amid possible merger with Honda as Japan automakers look to take on Chinese EVs
The move would bring the two struggling car companies together in a bid to reclaim market share from rising domestic brands in China, the world’s largest car market.
Fed 'dot plot' shows central bank will cut interest rates 2 more times in 2025
The Federal Reserve will take a more cautious approach to its easing cycle, according to the latest dot plot projections.
The Federal Reserve expects to cut rates more slowly in 2025. Here's what that could mean for you
The Federal Reserve's third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. The policymakers now envision two rate cuts next year, not the four they predicted back in September. Loan rates may barely budge if the Fed sticks with its plan to cut its key short-term rate only twice next year.