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The Latest Breaking News from US Federal Reserve

Pound sinks against euro and dollar as tax rises loom and growth slows

Prospect of a tough budget is thought to have brought forward the likely date for a cut in interest rates to 3.75%

The Guardian - UK

What a Federal Reserve rate cut means for your finances

The Federal Reserve has cut its benchmark interest rate by a quarter point for the second time since September

The Independent UK

Dollar Rallies on Hawkish Powell

The dollar index (DXY00 ) rallied to a 2-week high on Wednesday and finished up by +0.62%. The dollar found support on Wednesday amid easing global trade tensions, which are supportive of economic growth prospects. The US and South Korea finalized a trade deal on Wednesday that will see South...

Barchart

From analysis to the latest developments in health,
read the most diverse news in one place.

Powell warns not to count on a December rate cut just yet—the Fed is extremely divided, and a further cut is ‘not a foregone conclusion. Far from it’

The Fed will stop shrinking its $7 trillion balance sheet in December, but Powell stressed it’s a pause in quantitative tightening, rather than a new phase of easing.

Fortune

Fed cuts rates again but throws cold water on a December rate cut

The move comes as the ongoing government shutdown restricts the release of critical economic data.

Axios

Russian mobsters sentenced to 25 years for foiled plot to assassinate Iranian dissident journalist

Two Russian mobsters have each been sentenced to 25 years in prison for agreeing to try to assassinate Iranian American journalist Masih Alinejad for $500,000

The Independent UK

Fed Poised for Second Interest Rate Cut in 2025— What It Means for You

The US Federal Reserve is expected to deliver its second straight interest rate cut, lowering the benchmark rate to 3.75%–4.00% amid easing inflation and ongoing economic uncertainty.

International Business Times UK

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Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad

For the first time in modern history, the Fed cut rates without jobs data, acting amid a government shutdown, rising unemployment, and open pressure from the president, who wants Powell gone.

Fortune

Fed cuts interest rates for second time this year amid economic uncertainty

Central bank sets rates at range between 3.75% and 4% amid turbulence from government shutdown and Trump’s tariffs

The Guardian - US

S&P 500 Tops 6,900 Ahead Fed Rate Move, Gold Reclaims $4,000: What's Moving Markets Wednesday?

A powerful surge in AI-related stocks — led by a 9% advance in NVIDIA Corp. (NASDAQ:NVDA) over the past two sessions — propelled the SP 500 above the 6,900 mark and lifted the Nasdaq 100 to 26,100 points, both breaking new records, as investors brace for the Federal Reserve's highly…

Benzinga

Fed Delivers Expected Rate Cut While Signaling End to Balance Sheet Reduction

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.13%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.53%. The Federal Reserve delivered a widely anticipated policy decision this afternoon,...

Barchart

Dollar Climbs as Global Trade Tensions Ease

The dollar index (DXY00 ) today is up by +0.18%. The dollar is climbing today on easing global trade tensions, which are supportive of economic growth prospects. The US and South Korea finalized a trade deal today that will see South Korea make $150 billion in shipbuilding investments and cap...

Barchart

Stock Indexes Soar to Record Highs as Global Trade Tensions Ease

The S&P 500 Index ($SPX ) (SPY ) today is up by +0.32%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up by +0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.47%. December E-mini S&P futures (ESZ25 ) are up +0.30%, and December...

Barchart

Could You Retire Today If You Had Bought Amazon Stock 10 Years Ago?

If you had invested in Amazon stock 10 years ago, could you retire today? We break down the numbers to see how far that investment could take you.

GOBankingRates

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Benzinga

Fed Rate Cuts Help Bolster The Case For The ProShares Nasdaq-100 High Income ETF

Ever since the challenges of the COVID-19 pandemic, a key headwind that has stymied multiple administrations is inflation. Sure, the economy has been able to bounce back from the worst of the crisis, but the response wasn't free of consequence. Like a calculated gambit in chess, policymakers essentially sacrificed materiel…

Fortune

You can expect a 25 bps cut from the Fed, says Wall Street, but little economic insight from Powell—after all, he doesn’t have much to go on

“Chair Powell’s press conference will pivot away from economic data—given its scarcity—and instead focus on balance sheet policy, the policy framework review, and financial stability,” Deutsche Bank says.

Fortune

Wall Street is in a risk-on mood as it waits for Powell to deliver on the ‘Fed put’

“Earlier this month, markets shifted more towards a ‘central bank put’ regime,” Christian Mueller-Glissmann at Goldman Sachs wrote in a note to clients.

The Independent UK

Missing government data not likely to sway Federal Reserve from rate-cut path

The Federal Reserve is expected to cut its short-term rate Wednesday for the second time this year despite an increasingly cloudy view of the economy it is trying to influence

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Stock Index Futures Gain on Nvidia Boost Ahead of Fed Rate Decision and Big Tech Earnings

December S&P 500 E-Mini futures (ESZ25) are up +0.19%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +0.35% this morning, buoyed by ongoing tech and AI momentum, while investors await the Federal Reserve’s interest rate decision and U.S. megacap tech earnings.

Benzinga

Stock Market Today: Dow Pare Gains, S&P 500 And Nasdaq Advance Ahead Of FOMC Decision—Alphabet, Microsoft, Meta In Focus (UPDATED)

(Editor’s note: The future prices of benchmark tracking ETFs, the lede, and the headline were updated in the story.)

Barchart

What Treats (or Tricks) Will the Fed Hand Out Wednesday?

The Fed fund futures forward curve lays out a couple possibilities for Wednesday's interest rate announcement, with the most logical another rate cut.

Benzinga

Bernie Sanders Slams 'Stop Hiring Humans' Billboard: Asks How The Workers Displaced By AI Will Survive With 'No Jobs Or Income'

Sen. Bernie Sanders (I-Vt.) slammed a controversial billboard campaign by a Silicon Valley AI startup that promotes the replacement of human workers with AI and automation.

Benzinga

Bitcoin, Ethereum, XRP, Dogecoin Weaken Ahead Of Fed Rate Move: Analyst Says BTC's Move Past This Level Could 'Open The Path' To $143,000

Leading cryptocurrencies fell on Tuesday, while stocks surged to record highs, ahead of the Federal Reserve’s widely anticipated interest rate cut.

Kiplinger

Stocks Hit Fresh Highs Ahead of the Fed As Earnings Pump Optimism: Stock Market Today

SHW and UNH were two of the best Dow Jones stocks Tuesday, thanks to solid earnings reports, and MSFT closed with a $4 trillion market cap.

Benzinga

Bitcoin, XRP Stay Range-Bound As Ethereum, Dogecoin Slip 2% Ahead Of Fed Meeting

Bitcoin is steady around the $114,000 level, supported by optimism over new ETF launches, increased whale activity, and growing institutional accumulation.

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