Fed drops biggest hint yet on next interest rate move
Markets were looking for a clear signal on the Fed's next rate move. Here's what they got.
Markets were looking for a clear signal on the Fed's next rate move. Here's what they got.
Trump notched a solid fundraise after his keynote speech at the Bitcoin Conference sold industry leaders and enthusiasts
In a surprising move, former US President Donald Trump has proposed a plan to establish a national bitcoin stockpile if he is reelected. This announcement has left economists and financial experts scratching their heads. What Happened: As reported by Wired on Thursday, Trump unveiled his plan at the Bitcoin 2024 conference in Nashville, Tennessee. He pledged to retain all bitcoin currently held or acquired by the US government in the future, estimated to be around 210,000 bitcoin, worth approxim
The best way for most investors to approach this type of market is to stick to the long-term plan.
DogeZuki tops daily NFT sales, followed by Solana Monkey Business and Bored Ape Yacht Club.
Bitcoin and ether traded flat as spot ether ETF fund flows turned positive after four days and bitcoin ETFs posted rare day of outflows.
Treasury yields fell Wednesday as markets waited to see how clearly the Federal Reserve, which today concludes its July policy meeting, would signal its next move on interest rates.
Technology stocks were roaring back, but the rest of the market was rising, too, ahead of today's Federal Reserve interest-rate decision. The Dow shook off some early stumbles and was up 240 points, or 0.6% shortly before noon ET. The Nasdaq Composite was the real star with a gain of 2.6%.
The US Dollar continues to fall against the yen, as the Bank of Japan has raised rates to a “whopping 25 basis points.” With this, traders are now waiting to see what the Federal Reserve is going to do later in the day.
Markets will be paying close attention Wednesday to how much confidence Federal Reserve Chair Jerome Powell signals the central bank has to potentially begin cutting interest rates as soon as September.