Dow, S&P 500, Nasdaq drop after inflation data surprises markets
U.S. stocks declined on Wednesday as investors reacted to unexpectedly high U.S. inflation data for January, which dampened expectations of Federal Reserve interest rate cuts....
Tag : Federal Reserve
Powell signals willingness to review crypto debanking in Senate hearing
Federal Reserve Chair Jerome Powell stated on Tuesday that regulatory policies surrounding banking access should be reassessed, following concerns that the crypto industry is being...
Nasdaq, S&P 500 drop as trade tensions rise with new U.S. tariffs
U.S. stocks declined on Monday following President Donald Trump's announcement of new tariffs on China, Mexico, and Canada. However, major indices pared early losses mid-morning...
Bitcoin at $105,000 as Powell backs banks serving crypto customers
Bitcoin surged past $105,000 following the Federal Reserve's decision to maintain current interest rates, with Fed Chair Jerome Powell affirming that U.S. banks can serve...
US inflation persists as Trump’s tariff threats add economic concerns
Inflation in the United States remained persistent in December, with a key gauge monitored by the Federal Reserve rising 2.6% year-over-year, up from 2.4% in...
Trump calls for immediate rate cuts as Fed meeting approaches
The Federal Reserve is expected to keep interest rates steady at the conclusion of its two-day meeting on Jan. 29, signaling a cautious approach as...
Bitcoin drops 5 percent erasing $5,000 in a sudden price slump
Bitcoin (BTC) experienced a sharp price drop early this week, losing 5% of its value and shedding $5,000 per token. The decline triggered over $130...
Magnificent Seven tech giants dominate market in historic rise
As President-elect Donald Trump prepares to begin his second term, the U.S. stock market is entering a unique and unprecedented phase, defined by historic gains...
U.S. inflation data fuels Bitcoin rally beyond the $100,000 threshold
Bitcoin has surged past the $100,000 mark (now $98K), driven by a renewed appetite for risk assets following softer-than-expected U.S. inflation data according to Arab...
Stock futures rise ahead of key inflation reports this week
Stock futures edged higher on Tuesday morning as investors prepared for two critical inflation reports this week. Futures tied to the Dow Jones Industrial Average...