Auto Added by WPeMatico

Targeting the Fed: Trump’s Judicial Play Puts Jerome Powell’s Tenure on Thin Ice

As detailed in a Bloomberg report, President Donald Trump has petitioned the Supreme Court to authorize the dismissal of senior figures within two autonomous federal agencies. The report posits that…

Continue ReadingTargeting the Fed: Trump’s Judicial Play Puts Jerome Powell’s Tenure on Thin Ice

No Rate Cut: Powell’s Steady Hand Defies Political Pressure; Crypto Gains Amid Equity Retreat

Following former President Donald Trump’s declaration that he would “demand” interest rate cuts from the U.S. Federal Reserve, policymakers defied external pressure Wednesday, maintaining the federal funds rate without adjustment.…

Continue ReadingNo Rate Cut: Powell’s Steady Hand Defies Political Pressure; Crypto Gains Amid Equity Retreat

Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020

On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps),…

Continue ReadingFed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020

The Fed Under Fire: Elizabeth Warren Pushes for Unprecedented Rate Cut

As the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) gears up for its meeting on Sept. 18, anticipation is building for a rate cut. Market participants are placing their…

Continue ReadingThe Fed Under Fire: Elizabeth Warren Pushes for Unprecedented Rate Cut

Bitcoin Inflows Reach $543 Million as Powell Suggests Rate Cuts, Coinshares Reports

Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to…

Continue ReadingBitcoin Inflows Reach $543 Million as Powell Suggests Rate Cuts, Coinshares Reports