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.
The BeL2 protocol sets itself apart from other Bitcoin Layer 2 solutions like the Lightning Network or Stacks.
From MicroStrategy splitting its stock to major banks acquiring crypto firms, bitcoin is about to enter its “Wall Street” era.
Saylor said he is willing to serve as an advisor on cryptocurrency matters.
(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
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.
The Federal Reserve will take a more cautious approach to its easing cycle, according to the latest dot plot projections.
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.
Jefferies initiated a "buy" rating on Rocket Pharmaceuticals, based on the biotech firm's experimental gene therapies.
Zach Jecklin of Echo Global Logistics discusses the importance of providing good service through difficult freight markets, Echo’s strategy to leverage AI and how technology can help maintain relationships without eliminating human oversight. The post Focus on relationships is the key to navigating market downturns appeared first on FreightWaves.
