Most Federal Reserve officials ready to cut rates in September if inflation keeps cooling
Most Federal Reserve officials agreed last month that they are likely to cut interest rates at their next meeting in September as long as inflation remains subdued. of Minutes The July 30-31 Fed meeting report, released on Wednesday, said a “majority” of policymakers “expressed the view that if data continue to emerge broadly in line […]
Reserve Bank of New Zealand cuts cash rate by 25 basis points – CNBC
A security guard stands at the main entrance of the Reserve Bank of New Zealand in downtown Wellington, New Zealand on July 3, 2017. David Gray | Reuters The Reserve Bank of New Zealand cut its benchmark interest rate by 25 basis points to 5.25% on Wednesday. The move surprised economists polled by Reuters, who […]
Buffett’s Berkshire currently holding more short-term US Treasury bills than the Federal Reserve
Fisher Investments founder Ken Fisher analyzes recent stock market movements on “Making Money.” Warren Buffett’s Berkshire Hathaway currently holds a vast amount of short-term U.S. Treasury securities, more than the amount held by the Federal Reserve. In its latest earnings report, the bank said it holds $234.6 billion in short-term Treasury bills, up from $130 […]
Goldman Sachs CEO David Solomon predicts Federal reserve won’t make emergency rate cuts
Goldman Sachs CEO David Solomon said the Federal Reserve will not make an emergency interest rate cut before the central bank’s September meeting, despite Monday’s Wall Street sell-off over growing recession risks. “I don’t think we’ll see anything by September.” Solomon said in an interview on Bloomberg’s “The David Rubenstein Show: Peer-to-Peer Conversations.” Goldman Sachs […]
Elon Musk says the Federal Reserve is ‘foolish’ for waiting to cut interest rates
Washington Post Op-ed and columnist Heather Long discusses the Federal Reserve’s managed interest rate cuts and the impact of July’s jobs report. Billionaire Elon Musk The Federal Reserve said Sunday it was “foolish” for not cutting interest rates sooner after a disappointing jobs report that raised concerns about an economic slowdown. “The Fed needs to […]
Federal Reserve keeps rates unchanged — hints at possible September cut as inflation moderates
The Federal Reserve said Wednesday it would keep interest rates on hold but signaled it could cut rates in September if inflation continues to fall toward its 2% target. The Federal Open Market Committee acknowledged that the economy is moving in the right direction, with job gains, unemployment and inflation trending down, but reiterated that […]
Biden administration says it has replenished strategic oil reserve after Russia war drawdown
The Biden administration said it was replenishing 180 million barrels of oil it had drawn from the Strategic National Petroleum Reserve in response to soaring prices after Russia’s invasion of Ukraine. The Energy Department announced purchases of 4.65 million barrels on Friday, bringing total purchases since the 2022 cuts to more than 40 million barrels. […]
RFK Jr. promises BTC strategic reserve, dollar backed by hard assets – Cointelegraph
Independent presidential candidate Robert F. Kennedy Jr., speaking to an audience at the Bitcoin2024 event on July 26, praised the role Bitcoin will play in improving the U.S. economy and the American way of life, and promised to sign several executive orders to start that process on his first day in office. Bitcoinization by Presidential […]
June jobs report, Federal Reserve
John Lynch, CIO of Comerica Wealth Management, explains why he encourages investors “not to get out yet” of the market rally. U.S. employers added 206,000 jobs in June, beating expectations and slightly below the revised 218,000 gain in May, signaling continued strength in the labor market. The unemployment rate rose slightly to 4.1% from 4%. […]
Trump’s crypto pivot: Bitcoin as ‘strategic reserve’ for 2024 elections? – AMBCrypto News
Donald Trump has endorsed BTC as a strategic reserve asset. President Trump’s pro-crypto stance has galvanized a voting bloc of crypto company executives and owners. Former President Donald Trump has significantly changed his stance on cryptocurrencies, which he once despised, in an effort to challenge and defeat current President Joe Biden by attracting the votes […]