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Federal Reserve Chair Jerome Powell shoots down hopes for imminent cuts

Federal Reserve Chairman Jerome Powell on Wednesday dashed Wall Street’s hopes for an imminent rate cut after central bank officials left interest rates unchanged at decades-high rates. “I think it’s unlikely that the committee will reach a level of confidence to cut rates by the March meeting, but we’ll have to wait and see,” Powell […]

Ex-FBI officials warn Congress of ‘new and imminent danger’ from border crisis

Ten retired FBI directors and counterintelligence experts have warned Congress that the border crisis under President Joe Biden has made it easier for “older military men from all over the world” to enter the United States. . Former FBI officials asserted that the United States is “significantly less secure” because of the invasion. Ten prominent […]

Senate Passes Bill Averting Shutdown, Sends to House for Imminent Vote

The Senate introduced a new short-term spending bill Thursday afternoon. The continuing resolution (CR) passed 77-18 over the objections of conservatives, including Sen. Rand Paul (R-Kentucky), who insisted on a vote to amend the bill, but it failed. Speaker Mike Johnson (R-Louisiana) immediately moved the House to set an afternoon vote. The passage extends funding […]

Spot Bitcoin ETF: Blackrock, JP Morgan Prep For Imminent Spot Bitcoin ETF Nod – CoinGape

Investment management firm BlackRock and Wall Street giant JPMorgan have reportedly asked employees to prepare for the impending spot approval of a Bitcoin ETF from the U.S. Securities and Exchange Commission (SEC). BlackRock previously named JPMorgan as the Lead Authorized Participant (AP) in its recent ETF application. Also read: Cryptocurrency transactions over $10,000 will face […]