Reserve
Federal Reserve cuts US growth forecast as Trump’s policies weigh on outlook Financial Times Source link
graph showing interest rates Officials at the US Federal Reserve cut their US economic growth forecasts and raised projections for price growth as they kept interest rates on hold. “Uncertainty around the economic outlook has increased,” the central bank said in a statement, as
Jakub Porzycki | Nurphoto | Getty Images Cryptocurrencies fell Thursday night after President Donald Trump signed an executive order creating a strategic bitcoin reserve for the United States and, separately, a “digital asset stockpile.” The price of bitcoin was last lower by 3% at $87,586.86, according to Coin Metrics. Shortly after the news broke, it […]
US President Donald Trump has revealed the names of five cryptocurrencies that he says he’d like to be included in a new strategic reserve to make the US “the Crypto Capital of the World”. The market prices of the five coins he named – Bitcoin, Ethereum, XRP, Solana and Cardano – all swiftly jumped after […]
Event Programs For quick viewing, C-SPAN provides Points of Interest markers for some events. Short Takes Taken from C-SPAN’s gavel-to-gavel coverage and condensed down to the key moments. Watch in 10 minutes or less. Source link
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market. That matched forecasts from economists polled by FactSet that the Consumer Price Index rose 2.6% in October. The CPI rose
Russia’s Black Sea Fleet is reported to have evacuated from a key naval base in the country’s port of Novorossiysk, days after Ukrainian drones targeted the city, and as Kyiv appears to be closing in on receiving permission from the U.S. and the U.K. to strike territory deep inside Russia with long-range missiles. Russia had […]
Sluggish US jobs report clears the way for Federal Reserve to cut interest rates The Associated Press Source link
“The time has come” for the US Federal Reserve to cut interest rates, its chairman declared, hailing progress in the battle to bring down inflation from its highest level in a generation. With price growth now on a “sustainable” path back to normal levels, Jerome Powell signaled that the central bank was ready to start […]