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‘Fed up’ NYC residents come out in support of Trump

New Yorkers are showing their support Former President Trump’s reelection challenge Thousands gathered at a campaign event in the Bronx, New York. “Ingram’s Viewpointsaid he would vote for Trump because “it’s time for a change in leadership.” “We’ve been voting for the same party for years and nothing has changed,” Brown told Fox News on […]

Former Fed official’s bank set to receive master account approval

See what’s clicking on FoxBusiness.com The Federal Reserve’s recent decision to grant lesser-known banks access to its vast lending and credit facilities has sparked questions about possible conflicts of interest and favoritism at the U.S. central bank, FOX Business reported. Numisma, a small bank based in Greenwich, Connecticut, received conditional approval for a so-called master […]

Dow plunges over 600 points as chance of Fed rate cut diminishes

Shares fell on Thursday, even though Nvidia’s strong earnings forecast helped lift the stock, overshadowed by economic data that showed inflation remains a concern. The Dow Jones Industrial Average fell 605.78 points, or 1.5%, to 39,065.26, its worst day in 2024. The S&P 500 fell 0.7% and the Nasdaq fell 0.4%. Nvidia shares soared 9% […]

Asia FX weakens as Fed minutes brew rate fears, boost dollar – Investing.com

Investing.com — Most Asian currencies traded in narrow ranges on Thursday, recouping some overnight losses as minutes from the U.S. Federal Reserve’s latest meeting boosted the dollar amid growing concerns about higher interest rates for a long time. The prospect of a renewed trade war between the U.S. and China after China retaliated against higher […]

Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm – Yahoo Finance

By Kevin Buckland TOKYO (Reuters) – The dollar hovered near a one-week high on Thursday after hitting its highest level this month against major peers after minutes of the last Federal Reserve meeting showed some officials were keen to raise interest rates. The New Zealand dollar extended gains after a surprise increase in domestic retail […]

Fed officials worried inflation too stubborn to justify rate cut

After several periods of unexpectedly high inflation, Federal Reserve officials said at a meeting earlier this month that inflation was high enough to justify cutting key interest rates, currently at 23-year highs. concluded that it would take longer than previously thought for things to settle down. Officials also discussed whether policy rates were having a […]

Fed Minutes Show Officials Willing To Hike If Needed

Federal Reserve officials announced earlier this month that they will raise interest rates again if inflation shows no signs of slowing further, according to the latest Federal Open Market Committee (FOMC) minutes released Wednesday. He said he was ready. “Several participants noted they were prepared to tighten policy further if inflation risks materialized and such […]

Fed unlikely to cut rates this year

Goldman Sachs Chief Executive David Solomon said Wednesday he doesn’t expect the Federal Reserve to cut interest rates this year. “I’m still at zero cuts,” Solomon said at the Boston University event. “I think we’re set for more sticky inflation.” His comments came after Federal Reserve policymakers said on Tuesday that the central bank should […]