Fed Cuts Key Interest Rate By A Quarter Point
The U.S. Federal Reserve on Wednesday announced its third consecutive interest rate cut, a move widely expected by investors and financial markets. The Federal Reserve has cut its benchmark interest rate by a quarter of a percentage point and said its future target range will be 4.25% to 4.50%. The Fed has now cut the […]
Federal Reserve cuts interest rates by quarter-point in December
The Fed is widely expected to cut interest rates for the third time this year. The Federal Reserve on Wednesday announced its third straight interest rate cut, cutting its benchmark interest rate by 25 basis points, following economic data showing that inflation remains above the central bank's target rate. The 25 basis point rate cut […]
Dow hits worst streak in more than 40 years as Fed eyes slower rate cuts in 2025 with incoming Trump admin
The Dow Jones Industrial Average suffered its worst losing streak in more than 40 years as investors' expectations that the Federal Reserve would cut interest rates aggressively next year continued to decline. Central bank officials conclude their final two-day meeting of the year on Wednesday, when they are widely expected to announce another quarter-point rate […]
Biden Admin Cuts Huge Lame Duck Check For California Utility Bankrupted For Role In Massive Wildfires
The Biden-Harris administration's Department of Energy (DOE) announced on Tuesday that it has offered up to $15 billion in conditional financing to California utility Pacific Gas & Electric Company (PG&E), according to a press release. The loans proposed by the DOE Loan Programs Office (LPO) are for a variety of projects aimed at “expanding hydropower […]
Trumpworld Fears Fed Cuts May Stoke Renewed Inflation
As the Federal Reserve prepares to decide on further interest rate cuts this week, people close to President-elect Donald Trump's economic team say inflation risks may be being underestimated even though price increases have slowed in recent months. It warns that there is a sexual nature and calls for vigilance. “Mr. Powell should be cautious […]
Bizarre moment Fox News cuts away from Trump's 'INCOHERENT' speech about washing machines
This is the bizarre moment Fox News had to cut away from former President Donald Trump’s speech as he went on an ‘incoherent’ … source
Fox PANICS, CUTS AWAY during Tim Walz union speech live on air
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USD/CHF advances to near 0.8900 as SNB unexpectedly cuts interest rates by 50 bps – FXStreet
The US dollar/Swiss franc pair soared to nearly 0.8900 after the Swiss central bank cut its main borrowing rate by 50 basis points to 0.5%, in response to expectations for a 25 basis point rate cut. Swiss National Bank Governor Schlegel held off on the option of negative interest rates in his previous comments in […]
Gold (XAU) Silver (XAG) Daily News: Fed Rate Cuts and Inflation Boost Precious Metals – FX Empire
U.S. Treasury yields rose to their highest level in two weeks, signaling market expectations for inflationary pressure from fiscal policy. Despite gold's appeal as a hedge, its performance remains under pressure from rising bond yields and the dollar's recent monthly high. Silver outperforms gold due to demand for safe haven Silver (XAG/USD) is gaining momentum […]
November inflation increase won’t derail Fed interest rate cuts
Robust inflation numbers in November show the Fed still has work to do. (iStock) According to the Consumer Price Index (CPI), the annual inflation rate rose to 2.7% in November, slightly higher than the previous month's annual inflation rate of 2.6%. Published by the Bureau of Labor Statistics (BLS). Inflation rose 0.3% on a monthly […]