Latest Updates Around The World
More than 150,000 traders have gone bankrupt in the past day. The US Federal Reserve did what many expected and cut key interest rates by 25 basis points earlier today. While such a move is typically considered bullish for risky assets like crypto, the reality is that the immediate effect has been anything but positive. […]
Topline The Federal Reserve voted Wednesday to cut interest rates for a second straight month, but the broader market reacted negatively after Fed Chairman Jerome Powell suggested an additional cut may not happen later this year. Some policymakers have expressed caution about cutting rates further, while President Donald Trump and his recently appointed nominee have […]
The 25 basis point cut was confirmed by a vote of 10-2. The dissenting voices came from Fed Governor Stephen Miran, who demanded a 50 basis point cut, and Kansas City Fed President Jeffrey Schmid, who voted for unchanged policy rates. The Federal Open Market Committee (FOMC) also confirmed it would end its quantitative tightening […]
The U.S. dollar hovered near one-week lows against major peers on Wednesday, ahead of a widely expected Federal Reserve interest rate cut later in the day. The dollar lost further ground against the Japanese yen after US Treasury Secretary Scott Bessent indicated the new Japanese government is open to interest rate hikes by the Bank […]
Wall Street’s major indexes hit record highs on Monday as expectations of a US-China trade deal fueled risk-taking at the start of a week dominated by Big Tech gains and a likely Federal Reserve rate cut. US President Donald Trump and China’s Xi Jinping will meet on Thursday to decide the framework for a deal […]
Traders at work on the Hong Kong Stock Exchange, 1986. (Photo by George Freston/Hulton Archive/Getty Images) Getty Images “Chinese companies are trying to conquer new markets around the world, and American financiers are making money by helping them.” That’s how the Wall Street Journal Rory Jones reported it in a recent article on the front […]
Wall Street hit record highs on Friday, buoyed by cooler inflation data that reinforced expectations of faster rate cuts from the Federal Reserve, while Intel’s upbeat earnings kept momentum alive in AI-related stocks. Softer-than-expected inflation for September reinforced expectations that the Fed will cut rates again next week. Traders brought forward their forecasts, now anticipating […]
The index, all items minus the food and energy index, also rose 3% during the twelve-month period ending in September. Taken alone, energy and food rose by 2.8% and 3.1% respectively over the past year. Month-on-month, the gasoline index showed the largest increase in September, up 4.1%. The BLS said this increase was the biggest […]
US shares hit records on Friday after the UN update on inflation turned out to be slightly less painful than feared. The S&P 500 rose 0.8% and was on track to surpass the all-time high reached earlier this month. The Dow Jones Industrial Average added 267 points, or 0.6%, also heading toward its own record, […]
It is more likely that the US Federal Reserve will cut interest rates the longer the government shutdown continues, which will ultimately be good for the crypto markets. The blackout of US government economic data continues, with the shutdown entering day 23. There have been no September jobs reports for weeks, no major inflation numbers […]
