City Powell, county Jerome Financial News

29.01 / 19:59

Remark Election Opinion President Updates Fed's Powell has had no contact with Trump after president said he'll demand rates drop

Federal Reserve Chair Jerome Powell said Wednesday he has not spoken to President Donald Trump since the newly inaugurated president told business leaders he would demand the central bank lower interest rates.

29.01 / 19:39

markets Provident Waves Progressive economy trends President Fed holds rates steady, takes less confident view on inflation

The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy as it examines what is likely to be a bumpy political and economic landscape ahead. In a widely anticipated move, the central bank's Federal Open Market Committee left unchanged its overnight borrowing rate in a range between 4.25%-4.5%. The decision followed three straight cuts since September 2024 worth a full percentage point and marked the first Fed meeting since frequent Fed critic Donald Trump assumed the presidency last week and almost immediately made known his intentions that he wants the central bank to cut rates. The post-meeting statement dropped a few clues about the reasoning behind the decision to hold rates steady. It offered a somewhat more optimistic view on the labor market while losing a key reference from the December statement that inflation «has made progress toward» the Fed's 2% inflation goal.

29.01 / 17:33

markets Digital Strategy Election trends Experts PAM Federal Reserve’s first meeting of 2025: Fed expected to keep interest rates steady despite pressure from Donald Trump

29.01 / 12:15

UPS Target Reuters CME wellness President What will the Fed do with interest rates and how will Trump react?

Speaking before the World Economic Forum in Davos, Switzerland, Trump said he’ll call for interest rates to be lower than current levels. A possible sign he is setting up a possible battle with the Federal Reserve.

29.01 / 07:43

markets COST UPS economy President reports Fed likely to hold rates steady despite Trump call for cuts as it awaits tariff, immigration changes

President Donald Trump may want lower interest rates, but the Federal Reserve will almost certainly keep its benchmark interest rate unchanged at its two-day policy meeting that ends Wednesday

28.01 / 11:21

COST UPS economy Trade President War Interviews The trouble with tariffs: What you think about prices matters to the Fed

Subscribe to enjoy similar stories. Fed officials closely monitor inflation expectations, captured from both consumer surveys and market-based measures. A key question looms over the Federal Reserve as President Trump contemplates bolder uses for tariffs in his second term: How much would any price increases fuel expectations of higher inflation by the broader public? The Fed is widely expected to hold its benchmark interest rate steady at its two-day meeting that concludes Wednesday, taking a pause after cutting short-term rates by a full percentage point at its last three meetings.

27.01 / 13:27

markets COST Target Progressive economy President rowing Federal Reserve expected to stand pat on rates even as Trump demands cuts

The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates

26.01 / 13:31

Technology United Nations Bitcoin may sustain momentum in 2025 despite Google's quantum chip concerns

Bitcoin's price topped the $100,000 (€95,268) mark this month following Trump's nomination of the pro-crypto Paul Atkins to be the new leader of the US Securities and Exchange (SEC).

16.01 / 10:35

markets security Trade Universities country Department International Can Donald Trump really weaken the dollar to enhance US trade competitiveness?

Subscribe to enjoy similar stories. One of the more jaw-dropping policy ideas gaining political steam in the US recently has President-elect Donald Trump and his team, on taking office, actively depressing the dollar with the goal of boosting US export competitiveness and reining in the country’s trade deficit. If Trump tries, will he succeed? And what could—and probably would—go wrong? On the question of whether Trump could weaken the dollar, the answer is clearly ‘yes.’ But whether doing so would enhance the competitiveness of American exports and strengthen America’s trade balance is quite another matter.

03.01 / 05:15

XRP crypto prices Shiba Inu crypto price today U.S. Federal Reserve Crypto Price Today: Bitcoin drops below $93,100; XRP, Shiba Inu fall up to 5%

U.S. Federal Reserve's hawkish comments on the Bitcoin Strategic Reserve and a weaker-than-expected inflation forecast for 2025. Although the Fed implemented a widely anticipated 25-basis-point rate cut earlier this month, its projection of just two rate reductions in 2025 fell short of market expectations for three or four cuts. This cautious outlook dampened investor optimism.

31.12 / 08:41

markets Target Progressive Gap Align show recommendations Clive Crook: The Fed must fix its communication problem

Subscribe to enjoy similar stories. The US Federal Reserve has begun one of its reviews of “monetary policy strategy, tools and communications." December’s cut in interest rates and investors’ reaction to it underline just why such a review is needed. Consider how the latest policy announcement unfolded.

31.12 / 02:23

markets Monarch President Universities PAM show politician Will Trump respect the Fed’s independence?

Subscribe to enjoy similar stories. When I joined the Federal Reserve Board as vice chairman in 1994, the central bank was already the center of the universe for financial-market specialists. To the general public, however, it was an obscure government agency that did .

30.12 / 13:59

markets Target economy wellness Trade shock Trump tariff threat looms over interest rate path in 2025

Most economists a month ago likely would have told you that Canadian interest rates would steadily decline during the first half of 2025 before stabilizing in the third quarter.

27.12 / 04:55

COST UPS economy Election Trade President Commentary The Fed is trying—again—to size up Trump

Subscribe to enjoy similar stories. Federal Reserve Chair Jerome Powell is walking an old tightrope into 2025: He is trying to avoid appearing confrontational with Donald Trump, even though some of his colleagues are signaling unease that the president-elect’s policies might rekindle inflationary pressures. The difficult balancing act was on full display over the last two months.

22.12 / 06:29

markets Analysis Research trends Trade Experts Mcap of top-10 most valued firms slumps Rs 4.95 lakh cr; TCS, Reliance hardest hit

bearish trend in equities, where Tata Consultancy Services and Reliance Industries faced the sharpest erosion. Last week, the BSE benchmark tanked 4,091.53 points or 4.98 per cent. «The Indian equity market recorded its steepest weekly decline since June 2022, with the Nifty losing 4.77 per cent. The week began with the US Federal Reserve's announcement, which significantly altered market sentiment.

21.12 / 00:01

markets DOW Software Election Experts reports US Stock market today: Wall Street roars, S&P 500 posts best day since Election Day

US stock market roared back on Friday to nearly halve their losses from what was tracking to be one of the market’s worst weeks of the year. Wall Street index S&P 500 rallied 1.4 per cent toward its best day since Election Day and shaved its loss for the week down to 1.7 per cent. The Dow Jones Industrial Average was up 602 points, or 1.4 per cent, and the Nasdaq composite rallied 1.4 per cent. Superstar stock Nvidia and other Big Tech companies led the market, which got a lift after a report said a measure of inflation the Federal Reserve likes to use was slightly lower last month than economists expected. It’s an encouraging signal following recent reports suggesting inflation may be tough to get all the way down to the Fed’s 2 per cent goal from its peak above 9 per cent. The threat of higher inflation was one of the reasons Fed Chair Jerome Powell gave this week when the central bank hinted it may deliver fewer cuts to interest rates next year than it earlier expected.

20.12 / 19:59

markets UPS Reuters President reports Interviews Donald Trump, Inflation, Economic uncertainty - Why are US Fed policymakers worried?

inflation as their comments echo Fed chief Jerome Powell's call for caution. The US Fed policymakers, fresh from an interest rate cut this week, fleshed out on Friday the case for reducing borrowing costs more slowly next year as they assess progress in lowering inflation and the impact of tariffs and other policies promised by President-elect Donald Trump, Reuters reported. San Francisco Fed President Mary Daly, who supported the U.S. central bank's decision on Wednesday to cut its benchmark overnight rate by a quarter of a percentage point to the 4.25 per cent-4.50 per cent range, and Cleveland Fed President Beth Hammack, who dissented against it, both said the meeting's outcome was a «close call.» Daly and two other Fed policymakers who spoke on Friday said they felt the central bank would likely resume its rate-cutting next year, but signaled they would take their time doing so now that, as Daly put it, the «recalibration phase» is over, as per Reuters report. «We're in the next phase, and that next phase is really looking at the incoming information,» Daly said in an interview with Bloomberg Television.

20.12 / 16:55

markets UPS Target Trade Department Headlines wrestling Fed’s preferred inflation gauge in November was lower than expected, but remains elevated

SlateStone Wealth chief market strategist Kenny Polcari addresses the 'nervousness' over Trump's expected tax cuts on 'Varney & Co.'

20.12 / 16:27

COST UPS Food show rock reports Federal Reserve's preferred inflation gauge shows price pressures eased last month

An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains

20.12 / 08:47

markets Target Action Remark wellness Universities Headlines Does the Fed even know what it’s trying to do?

Subscribe to enjoy similar stories. We might as well confront it head-on: What the Federal Reserve did this week doesn’t make any sense. The Federal Open Market Committee on Wednesday cut the target range for the Fed funds rate by one-quarter percentage point, to 4.25% to 4.5%, its third consecutive rate reduction.

20.12 / 06:15

markets CEO Analysis Trade Experts Bitcoin Bitcoin dips below $96,000 as Jerome Powell dismisses speculation on Bitcoin reserves

Bitcoin traded lower for the fourth consecutive day on Thursday, weighed down by Federal Reserve Chair Jerome Powell's hawkish tone and comments on the potential of a Bitcoin reserve. In a press conference on Wednesday, Powell stated that the US central bank has no intention of being involved in any government efforts to stockpile large amounts of Bitcoin. «We're not allowed to own Bitcoin,» he said, following the Fed's two-day policy meeting.

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