Fed can’t hold bitcoin, not seeking to change that, Powell says
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday that the U.S. central bank has no desire to be involved in any government…
Economy
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Stocks skid after Fed signals it will slow down its easing
(Reuters) – U.S. stocks plunged on Wednesday after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank’s economic projections signaled a slower…
BOJ meets for final rate review this year as Trump risk clouds outlook
By Leika Kihara TOKYO (Reuters) – Bank of Japan policymakers will debate whether conditions are falling in place to raise interest rates at their final meeting this year, a decision…
Most Gulf central banks follow Fed lead and cut key interest rates
By Enas Alashray and Jaidaa Taha DUBAI (Reuters) -Most central banks of the Gulf Cooperation Council cut key interest rates on Wednesday, following the Federal Reserve’s decision to reduce U.S.…
Brazil’s real hits record low as markets eye govt spending
By Rodrigo Campos and Karin Strohecker NEW YORK/LONDON (Reuters) -Brazil’s real tumbled by the most in over two years to a fresh record low on Wednesday and stocks were also…
World Bank approves $2 billion for Ukraine including funds from new US loan fund
By David Lawder WASHINGTON (Reuters) -The World Bank said on Wednesday its executive board approved $2.05 billion in Development Policy Operation funding for Ukraine that includes the first grant from…
Factbox-US stopgap spending bills covers stadiums and deepfake porn as well as budget
WASHINGTON (Reuters) -Top Republicans and Democrats in the U.S. Congress have crafted temporary spending legislation to keep federal agencies funded through March 14, which would avert a partial government shutdown…
Fed delivers third rate cut of the year, but halves rate-cut outlook for 2025
Investing.com — The Federal Reserve cut interest rates by 25 basis points on Wednesday, but halved the number of rate cuts expected for next year as the battle to bring…
US rate futures price in Fed on hold in January, two cuts in 2025 -LSEG estimates
NEW YORK (Reuters) – Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, have priced in that the overnight benchmark rates will remain…
Fed cuts reverse repo rate by wider margin than funds rate target
By Michael S. Derby (Reuters) – The Federal Reserve adjusted a key part of its rate control toolkit on Wednesday, lowering the rate it offers on its reverse repo facility…