Rate-sensitive stocks plummeted on Wednesday after the Federal Reserve scaled back its forecast for future interest rate cuts and projected inflation would run hotter than previously expected next year.
Jerome Powell makes clear the Fed is already thinking about life under Trump
Federal Reserve Chair Jerome Powell hinted Wednesday that the economic policies of President-elect Donald Trump are starting to become top of mind for the central bank.
Fed's Powell Shocks Markets After Interest Rate Cut: 'It's A New Phase'
In a year marked by three consecutive rate cuts totaling 100 basis points, Federal Reserve Chair Jerome Powell said the Fed is shifting gears to a more cautious stance heading into 2025 as interest rates move tantalizingly close to a neutral environment for the economy. Following the latest 25-basis-point reduction announced Wednesday, the federal funds rate now sits at 4.25%-4.5%, the lowest since January 2023. “We’re significantly closer to neutral,” Powell said during the post-meeting press c
Here are the 4 stocks this pro trader would buy if the market crashes
Steve Burns: Stocks are in the ‘greatest bubble in the history of civilization.’ He blames the Fed.
Tech giants, Wall Street, and corporate elite are pouring millions into Donald Trump’s inauguration
The president-elect’s inaugural fund donors range from CEOs like Sam Altman and Ken Griffin, to Meta, Amazon, Bank of America and Goldman Sachs.
Crypto’s Estate Planning Problem: A Wake-Up Call
U.S. tax changes set for 2025 mean digital asset holders should consider strategies to protect their wealth, say Jeff Verdon, Moish Peltz and Kyle Lawrence.
Oil Pares Gain as Fed’s Outlook Tempers US Inventory Optimism
(Bloomberg) -- Oil rose as strong US crude exports signaled firm global demand before paring gains after the Federal Reserve reduced the number of rate cuts it expects to make next year.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousWest Texas Intermediate advanced 0.7% to settle below $71 a barrel, while Brent edged higher to settle above $73. WTI’s gain shrank after the session as the Federal Reserve’s outlook for 2025 boosted the dollar, making commodit