Category: Fed
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Shekel weakens against dollar after Fed meeting
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Although the US Federal Reserve cut interest rates by 0.25%, it indicated only two rate cuts in 2025 compared to the four previously expected. The shekel is weakening sharply today against the US dollar and is strong against the euro. In late morning interbank trading, the NIS-USD exchange rate rose…
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Markets fear Fed floor at 4%, dollar booms
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A look at the day ahead in the US and global markets from Mike Dolan Although the Fed’s “tight cut” on Thursday was widely expected, markets now fear 4% interest rates will be the floor for at least next year – and no further easing until mid-year or later. The…
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S&P 500 Sees Worst Fed Day Since 2001; Yields Up: Markets Wrap
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(Bloomberg) — The Federal Reserve shocked U.S. markets on Wednesday, sending stocks lower and pushing Treasury yields higher, on expectations of smaller interest rate cuts next year. This was the worst loss for the S&P 500 on interest rate decision day since 2001. Most read from Bloomberg The S&P 500…
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Dow, S&P 500, Nasdaq clobbered as Fed, Powell signal fewer rate cuts in 2025
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Stocks were clobbered Wednesday after the Federal Reserve, despite slashing interest rates by 25 basis points, signaled it would cut fewer times next year than previously projected. All three major reversed gains following the decision to end with steep losses. The Dow Jones Industrial Average (^DJI) was down about 2.6%,…
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Fed to Cut Once More Before Slowing Pace in 2025, Economists Say
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Breadcrumb links BMN Business Federal Reserve officials will cut interest rates this month for the third straight time and will scale back the number of rate cuts they expect next year, according to economists surveyed by Bloomberg News. Article writer: Bloomberg News Katarina Saraiva and Dana Morgan Posted on December…
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Treasuries Rally as Mixed Jobs Data Fuels December Fed Cut Bets
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Breadcrumb links BMN Business US Treasuries rose and traders boosted their bets on a Fed rate cut this month after a mixed November employment report. Article writer: Bloomberg News Michael Mackenzie and Edward Bolingbroke Published on December 6, 2024 • 3 minute read You can save this article by registering…
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Historic Day! Bitcoin Endorsed By Fed Chair Powell And Putin
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In an unprecedented turn of events, Bitcoin yesterday received an endorsement from two of the world’s most influential leaders. US Federal Reserve Chairman Jerome Powell and Russian President Vladimir Putin independently acknowledged the growing importance of cryptocurrency during separate events on December 4, 2024. Their statements signal a potential paradigm…
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Fed Chair Jerome Powell Is Correct: Bitcoin Is In Competition With Gold, Not The Dollar
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Follow Nicholas on ? here for daily posts Today, Federal Reserve Chairman Jerome Powell, in an exclusive interview with CNBC, said that Bitcoin is competing with gold, not the US dollar. BREAKING: ?? Fed Chairman Jerome Powell says #Bitcoin A competitor to gold, not the US dollar. pic.twitter.com/YQHFiThTBo — Bitcoin…
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Fed Chair Jerome Powell Is Correct: Bitcoin Is In Competition With Gold, Not The Dollar
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Follow Nicholas on ? here for daily posts Today, Federal Reserve Chairman Jerome Powell, in an exclusive interview with CNBC, said that Bitcoin is competing with gold, not the US dollar. BREAKING: ?? Fed Chairman Jerome Powell says #Bitcoin A competitor to gold, not the US dollar. pic.twitter.com/YQHFiThTBo — Bitcoin…
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Key Fed inflation gauge shows PCE ‘going sideways’
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The latest reading of the Fed’s preferred gauge of inflation showed that price increases were flat in October compared with the previous month, raising questions about whether progress in reaching the central bank’s 2% target has stalled. The core personal consumption expenditures index, which excludes food and energy costs and…
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Key Fed inflation gauge shows PCE ‘going sideways’
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The latest reading of the Fed’s preferred gauge of inflation showed that price increases were flat in October compared with the previous month, raising questions about whether progress in reaching the central bank’s 2% target has stalled. The core personal consumption expenditures index, which excludes food and energy costs and…
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Dow, S&P 500, Nasdaq trade mixed as inflation print keeps Fed rate cut on track
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US stocks were mixed in early trading on Wednesday, as investors weighed new consumer inflation data that looked set to keep the Federal Reserve on track to cut interest rates again next month. The Dow Jones Industrial Average (^DJI) rose about 0.1%, after falling sharply after stocks closed lower across…
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Fed rate cuts outlook: stronger economy means less easing
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Minneapolis Federal Reserve Bank President Neel Kashkari said that the strong economy and high productivity growth may prompt the US central bank to cut interest rates less than previously expected. In his first public comments since he and his colleagues cut interest rates earlier this week, Kashkari noted that it…
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Fed rate cuts outlook: stronger economy means less easing
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Minneapolis Federal Reserve Bank President Neel Kashkari said that the strong economy and high productivity growth may prompt the US central bank to cut interest rates less than previously expected. In his first public comments since he and his colleagues cut interest rates earlier this week, Kashkari noted that it…
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Stocks Rise as Traders Mull Trump Victory, Fed: Markets Wrap
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(Bloomberg) — Asian stocks rose along with European and U.S. stock futures, as investors brace for a second Donald Trump presidency and an expected interest rate cut from the Federal Reserve. Most read from Bloomberg Chinese stocks were among the best performing stocks in Asia thanks to optimism that Beijing…
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Asian shares retreat after Trump’s victory as focus turns to the Fed
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Stocks in Asia fell early Thursday after US stocks rose to record levels as investors bet on what The return of Donald Trump To the White House would mean for the economy and the world. Markets are also turning their attention to the Federal Reserve’s interest rate decision, scheduled for…
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Stocks might ‘go nowhere’ for the rest of this year amid Fed uncertainty and US debt concerns, market vet says
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Bloomberg Creative/Getty, Drew Angerer/Getty, Tyler Lu/PI Ed Yardeni says the S&P 500 may remain flat for the rest of the year. The market expert believes there will be no further Fed rate cuts until 2025 as the economy remains strong. He added that US government debt will also continue to…