Jerome Powell, the Fed Chair, offers guidance to his successor as his term concludes.
Federal Reserve Keeps Interest Rates Unchanged Amid Economic Concerns According to a report by a White House correspondent, the Federal Reserve has decided to maintain its current interest rates during a segment titled “Making Money.” Chairman Jerome Powell addressed questions regarding his future at the central bank, sharing insights at a recent news conference. Powell’s […]
Dollar rises as Fed maintains steady rates
Dollar Rises Amid Fed’s Steady Interest Rates NEW YORK, Jan 28 – The dollar gained ground against the euro and the yen on Wednesday after the U.S. Federal Reserve decided to keep interest rates steady, primarily concerned about persistent inflation despite robust economic growth. The Fed offered no clear hints about when borrowing costs might […]
S&P 500 reaches 7,000 for the first time as traders look forward to Fed decision and tech earnings: Live updates
Market Highlights: S&P 500 Hits 7,000 On Wednesday, the S&P 500 made headlines by reaching a new milestone of 7,000 for the first time, just ahead of the Federal Reserve’s interest rate decision and significant earnings reports from major tech companies. The index ended up 0.1%, after peaking at an intraday high of 7,002.28 earlier […]
Nasdaq Futures Surge as ASML Stimulates Growth, Anticipating Fed Decision and Major Tech Earnings
March NASDAQ 100 E-Mini Futures are up by +0.88% this morning, buoyed by a surge in orders for ASML, which has injected new energy into AI trading. ASML Holding’s shares in the U.S. jumped over +6% in pre-market after the Dutch chip equipment manufacturer revealed fourth-quarter net bookings nearly double what analysts had anticipated, while […]
Stock market update: Dow, S&P 500, Nasdaq increase as Wall Street prepares for Fed decision and major tech earnings
Nasdaq futures jumped on Wednesday, giving a boost to Wall Street as investors turned their attention to the latest policies from the U.S. Federal Reserve and earnings reports from major tech companies. Futures for the Nasdaq 100 index rose by about 1%, while Dow Jones Industrial Average futures stayed relatively stable. The S&P 500 futures […]
Bitcoin investor feelings dampen due to concerns over US shutdown and Fed policies
Key Insights Recent data indicates that professional traders are willing to pay additional fees in order to safeguard against potential price drops in Bitcoin. While gold has reached new all-time highs, Bitcoin seems to be plateauing as investors lean towards more traditional safe-haven assets. On Sunday, Bitcoin (BTC) experienced a slight increase of 1.5%, hovering […]
Act now for a better credit card interest rate instead of waiting for Trump’s 10% limit or Fed cuts.
Trump Proposes Credit Card Interest Rate Cap Amid Mixed Reactions Last week, President Trump reiterated his push for a temporary cap on credit card interest rates. He argues that this could assist numerous Americans in saving for home ownership. In a speech at the World Economic Forum in Davos, Switzerland, he stated, “I’m asking Congress […]
Bitcoin price update: BTC below $88,000 before Fed week and major tech earnings
Bitcoin Experiences Decline Below $88,000 On Sunday, Bitcoin dipped below the $88,000 mark, continuing a downward trend that affected the cryptocurrency market last week. It seems brokers were less active during the weekend, leading to a somewhat muted trading atmosphere. By the afternoon in the U.S., BTC was hovering around $87,800, down roughly 2% over […]
Lisa Cook’s Supreme Court Case Highlights the Senate’s Overlooked Fed Veto
Senate Can Stop Fed Packing On Wednesday, the Supreme Court heard arguments regarding Trump vs. Cook. This case explores whether President Trump can dismiss Federal Reserve Governor Lisa Cook based on allegations of mortgage fraud. Justice Brett Kavanaugh raised concerns, suggesting that giving the president too much leeway in firing decisions could undermine the Federal […]
Scott Bessent Criticizes Jerome Powell for Supporting Fed Official Accused of Mortgage Fraud
Criticism of Federal Reserve Chair Treasury Secretary Scott Bessent expressed concerns at the World Economic Forum (WEF) on Wednesday, suggesting that Federal Reserve Chairman Jerome Powell has recently infused politics into the central bank by backing troubled governors. Bessent’s criticism targeted Powell amid reports that President Donald Trump is set to attend a Supreme Court […]