EUR/USD collapses below 1.0400 as Fed eyes two cuts in 2025 – FXStreet
EUR/USD fell sharply following the Federal Reserve's 25 basis point interest rate cut and cautious outlook for future policy adjustments. Federal Reserve Chairman Jerome Powell has emphasized a cautious approach to further interest rate changes, pointing to persistent inflation risks and a stable labor market. The Fed's latest economic forecasts show that interest rate cuts […]
Stocks Tank As Fed Sees Fewer Rate Cuts, More Inflation Ahead
Major stock indexes fell sharply on Wednesday after the U.S. Federal Reserve cut interest rates by a quarter of a percentage point, but officials said future rate cuts would be narrower and inflation would persist further. showed the outlook. The Dow Jones Industrial Average fell more than 500 points, or 1.2%. The Nasdaq Composite fell […]
Dow loses 1100 points after Fed projects fewer rate cuts
Stocks closed sharply lower on Wednesday after the Federal Reserve cut interest rates but expected higher borrowing costs and higher inflation in 2025. . The Dow Jones Industrial Average fell 2.6% from the opening bell, closing down 1,123 points. According to CNBC, Wednesday marked the first time the Dow had a 10-day losing streak since […]
Despite Fed cuts, many store credit cards are still charging extreme interest rates to customers – NBC News
Many credit cards offered by major retailers continue to charge exorbitant annual percentage rates (APRs) despite moves by the Federal Reserve to lower economic interest rates. In a report released Wednesday, the Consumer Financial Protection Bureau found that 19% of retail cards had an annual interest rate of more than 35%, which is less than […]
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