City Powell, county Jerome Financial News

20.12 / 05:35

Cryptocurrency regulation central bank digital currency bitcoin volatility Powell says Fed cannot hold bitcoin, not seeking to change that

The Fed chief was addressing the prospect of central bank involvement in the idea of the government building a so-called Strategic Bitcoin Reserve once President-elect Donald Trump takes office.

20.12 / 05:35

Ethereum cryptocurrency Federal Reserve crypto market Jerome Powell Bitcoin U.S. Federal Reserve Bitcoin briefly falls below $100,000 level after Powell's remarks on Fed's stance and rate cuts

Bitcoin fell nearly 3% on Thursday after the U.S. Federal Reserve signaled it would slow the pace of rate cuts in 2025. The cryptocurrency briefly dipped below the $100,000 mark, weighed down by Federal Reserve Chair Jerome Powell’s hawkish tone and comments on the potential of a Bitcoin reserve. While the Fed announced a widely expected 25-basis-point rate cut, its forecast of only two quarter-point reductions in 2025 was lower than the three or four cuts anticipated by markets. This reduced easing projection raised concerns among investors.

19.12 / 15:03

markets Reuters Digital Software reports Department US weekly jobless claims fall more than expected

labor market conditions. Initial claims for state unemployment benefits dropped 22,000 to a seasonally adjusted 220,000 for the week ended Dec. 14, the Labor Department said on Thursday. Economists polled by Reuters had forecast 230,000 claims for the latest week. Claims have entered a period of volatility, which could make it challenging to get a clear view of the labor market. A range of indicators including claims and job openings suggest that conditions are much looser than they were before the COVID-19 pandemic, but the labor market is slowing in an orderly fashion.

19.12 / 15:03

markets Progressive wellness President Fed matches rate cut expectations but 'hawkish' outlook sends dollar soaring

The vote was almost unanimous, with 11 of the 12 Federal Open Market Committee members voting in favour of the rate trim; only Beth Hammack, president of the Federal Reserve Bank of Cleveland cast her vote in favour of maintaining current interest rates. However, cautious rhetoric from Fed chair Jerome Powell caused Treasuries to topple and the US dollar to soar. «As for additional cuts, we are going to be looking for further progress on inflation as well as continued strength in the labour market,» said Powell, emphasising that the FOMC will remain data-driven into 2025. Powell ...

19.12 / 15:03

markets FIVE Remark Trade show prevention Rupee breaches 85-per-US dollar mark on hawkish Fed stance

stocks and bonds. The rupee hit a low of 85.085 per dollar, before closing at 85.07 per dollar, as against its previous close of 84.952/$1, LSEG data showed The rupee has depreciated to record lows for the fourth consecutive day, even as the Reserve Bank of India intervened in the onshore and offshore markets to prevent excess volatility, traders said. The rupee hit 85.15/$1 in the offshore non-deliverable forwards market, and will act as an immediate support, traders said.

19.12 / 08:31

COST UPS Target economy pandemic President shock The next big Fed debate: Has the era of very low rates ended?

Subscribe to enjoy similar stories. Investors shuddered on Wednesday after Chair Jerome Powell suggested the Federal Reserve was ready to take a break from cutting rates—and that the total quantity of reductions might be shallower than previously thought. Powell has described recent rate reductions as an effort to recalibrate borrowing costs to a more “neutral" setting.

19.12 / 06:23

markets DOW Analysis Trade Experts Jerome Powell plays confused cop! What does Fed meeting outcome mean for Nifty bulls?

Fed Chair Jerome Powell has left little chance for a Santa rally in global equity markets. While the Dow Jones recorded its worst day in over four months, the Sensex fell more than 1,100 points, nearing the 79,000 mark. The market had already priced in the impact of a 25 basis point rate cut but was left concerned after the dot plot was revised significantly higher, with only two cuts now forecast for 2025, half of what was expected in September. According to the current projections, 2026 is also likely to see just two cuts, down from four previously.

18.12 / 23:23

markets UPS Target Progressive economy wellness show Federal Reserve cuts interest rates by quarter point in December

Heritage Research fellow and economist EJ Antoni joins ‘The Big Money Show’ to discuss reports the Federal Reserve is likely to cut rates for the third time this year.

18.12 / 20:11

markets Remark WhatsApp trends Inflation risks roughly balanced as rate cuts signal caution: Fed Chair Jerome Powell

US Federal Reserve Chair Jerome Powell highlighted a cautious outlook after the central bank cut key interest rates by 0.25% to 4.25% to 4.5%. Inflation has eased but remains slightly elevated, he said, with projections of 2.4% for this year and 2.5% for 2025. Powell noted that inflationary pressures are now «roughly balanced».

18.12 / 19:51

markets UPS Target Action economy Matrix Updates Fed cuts by a quarter point, indicates fewer reductions ahead

WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years.

18.12 / 01:43

markets DOW Analysis economy Trade Experts US stocks fall, Dow Jones drops for 9th straight session with Fed decision due

Federal Reserve's last policy announcement of the year after economic data indicated consumer spending remained solid. U.S. retail sales increased more than expected in November, buoyed in part by an acceleration in motor vehicle purchases, consistent with strong underlying momentum in a resilient economy.

18.12 / 00:13

markets Strategy Research trends Trade country Commentary Bulls benched ahead of Fed & BoJ's rate play

The NSE Nifty fell 332.25 points, or 1.35%, to close at 24,336. The BSE Sensex declined 1,064.12 points, or 1.3%, to end at 80,684.45.

17.12 / 04:55

markets DOW economy Trade reports Stock market today: Nasdaq hits a record as Wall Street drifts ahead of Federal Reserve's meeting

U.S. stock indexes drifted through mixed trading ahead of a meeting by the Federal Reserve later this week that could set Wall Street’s direction into next year

17.12 / 03:49

markets COST UPS economy Trade President country Will the Fed keep cutting in 2025?

Subscribe to enjoy similar stories. Investors see an interest-rate cut by the Federal Reserve this week as all but certain. Inside the central bank, the case for continued reductions will be less clear-cut if the economy continues to chug along.

17.12 / 01:55

markets UPS Target economy Trade Experts reports Fed faces important choice post this cut

Markets are pricing in a more than 90% probability of a 0.25-percentage-point cut in the Fed funds rate this week. Officials are likely to pencil in higher «dot plots» for rates, notwithstanding the dispersion in forecasts among them, together with a move up in the terminal rate closer to what the market expects. Finally, while Chair Jerome Powell will not close off his options for January completely, he is expected to signal at his press conference that the central bank will stand pat when the Federal Open Market Committee meets next month.

16.12 / 09:37

COST Target economy Universities gatherings International Federal Reserve is likely to slow its rate cuts with inflation still elevated

Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting

16.12 / 05:15

markets COST UPS Target economy President rights The Fed’s game plan on interest-rate cuts keeps shifting

Subscribe to enjoy similar stories. Federal Reserve Chair Jerome Powell had to reassure some skeptical colleagues that the central bank wouldn’t inadvertently send signals of distress when he led them to start lowering borrowing costs at the end of the summer with a gutsy, larger-than-usual half-point reduction. Now, they are confronting another potential hinge point.

12.12 / 02:43

markets COST UPS economy Food Pride U.S. inflation ticks higher ahead of Fed’s interest rate decision

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated.

11.12 / 19:37

markets COST UPS economy Food Pride US inflation ticked up last month as some price pressures remain persistent

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated

09.12 / 15:13

President Interviews Trump claims he will not fire Fed chair Jerome Powell

In an interview with NBC News, the incoming GOP president was asked whether he plans to follow through on his rhetoric that he will look to remove Powell from his post. «No, I do not think so, I do not see it,» Trump said. Trump administration forces crypto acceptance question into mainstream debate for finance industry Powell, whose term ends in 2026, has sparred with Trump following claims during the presidential campaign that the president-elect would like to weigh in on interest rate decisions. Trump added that he did not think the Federal Reserve chair would resign of hi...

08.12 / 15:09

markets Software PwC Moodys President Schools Interviews Donald Trump says he will not try to replace Federal Reserve's Jerome Powell

Donald Trump said in an interview aired on Sunday he will not try to replace Federal Reserve Chair Jerome Powell upon taking office in January. «No, I don't think so,» Trump said in an interview on NBC News' «Meet the Press with Kristen Welker.» He told Welker when asked if he would seek to replace Powell, who he has sparred with in the past over interest rate levels, «I think if I told him to, he would. But if I asked him to, he probably wouldn't.»

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