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Category Federal Reserve System

Bitcoin price reclaims $90K on Fed rate cut bets, 2Z, ENA, LINK lead altcoins

Bitcoin price reclaims $90K on Fed rate cut bets, 2Z, ENA, LINK lead altcoins

Bitcoin reclaimed the $90K support area, 2Z, ENA, LINK led altcoins with double digit gains.
Trump signals Kevin Hassett as top pick to replace Powell, markets brace for shift

Trump signals Kevin Hassett as top pick to replace Powell, markets brace for shift

President Donald Trump gave his clearest signal yet that National Economic Council Director Kevin Hassett is the favourite to succeed Jerome Powell...
US private-sector jobs drop 32,000 in Nov as small businesses pull back, ADP says

US private-sector jobs drop 32,000 in Nov as small businesses pull back, ADP says

Private-sector employment in the United States fell by 32,000 jobs in November, one of the weakest readings in two years and raising concerns about...
Trump’s surprise Fed pick? Kevin Hassett hints markets are bracing for a big shakeup

Trump’s surprise Fed pick? Kevin Hassett hints markets are bracing for a big shakeup

White House economic adviser Kevin Hassett has thrust himself into the center of Wall Street’s biggest guessing game, telling Fox News on Sunday he...
Wall Street close: Nasdaq extends rally to five days as markets eye Fed rate cut

Wall Street close: Nasdaq extends rally to five days as markets eye Fed rate cut

The Nasdaq Composite climbed 0.65% on Friday to 23,365.69, stretching its rally to a fifth straight session even as the index closed November down ...