For weeks the US economic picture has been darkening. If Wednesday was an opportunity for Federal Reserve Chair Jerome Powell to raise the alarm, he took a hard pass. Speaking to reporters following a two-day meeting of policymakers, Powell downplayed mounting growth concerns and the price hits that could be on the way from President…
The Hong Kong Monetary Authority (HKMA) maintained its base rate at 4.75 per cent on Thursday. Hours earlier, the Fed left its target rate in the 4.25 to 4.5 per cent range, following the second Federal Open Market Committee (FOMC) meeting of the year. The HKMA last cut the city’s base rate to 4.75 per…
The (FOMC) is in the midst of its second meeting of 2025. Each time the committee meets, it could mean a change to the federal funds rate — which not only impacts financial institutions, but your bottom line, too. In its January meeting, the Federal Reserve decided to hold rates steady after implementing three interest…
(Reuters) – Federal Reserve Governor Michelle Bowman, one of the U.S. central bank’s most hawkish policymakers, on Friday signaled she may pay increasing attention to signals from the job market as she weighs policy decisions ahead. Bowman was responding to research presented at a conference examining how the rate-setting Federal Open Market Committee’s monetary policy…
monsitj / Getty Images/iStockphoto Bitcoin surged to over $105,000 on Jan. 30, 2025, hours after the Federal Reserve announced that it would keep interest rates steady, with Fed Chair Jerome Powell saying in the Federal Open Market Committee (FOMC) meeting press conference, “Banks are perfectly able to serve crypto customers” provided that they understand and…
Walmart, Occidental, Alibaba, Newmont, Booking, and More Stocks to Watch This Week U.S. stock and bond markets will be closed on Monday for Presidents Day. Then, earnings from Occidental Petroleum, Analog Devices, Alibaba, Booking, Newmont, and Walmart. Source link
In This Story After consecutive tariffs from the Trump administration and persistent inflation concerns, this week is expected to be relatively quiet, with only a handful of earnings reports from major companies. Elon Musk denies knowledge of a $400 million ‘Armored’ Tesla deal with the Trump Administration Read more: 5 sectors facing price hikes from…
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets. Sagging tech stocks weighed on US indexes, as Wall Street rethinks AI leadership after the arrival of DeepSeek, a Chinese disruptor claiming big results at a smaller cost. With many Asian markets still closed for the Lunar New Year, Japan’s Nikkei…
Photo: Bloomberg (Getty Images) The Nasdaq and other major indices declined following the Federal Reserve’s first meeting of the year, with the tech-heavy index falling 1.1% by the afternoon as investors digested the central bank’s cautious stance on interest rates. The Federal Open Market Committee kept the overnight borrowing rate unchanged in the 4.25% to…
Photo: Spencer Platt (Getty Images) The Dow Jones Industrial Average rose more than 200 points Wednesday morning, recovering some ground after a nine-day losing streak as investors braced for the Federal Reserve’s last interest rate decision of the year. Following the announcement of the Federal Open Market Committee (FOMC), expected at about 2 p.m. ET,…