The Fed Chair Jerome Powell is facing intense pressure from the president. The president's frustration stems from Powell's reluctance to lower interest rates. The president believes that the Fed should have reduced rates earlier, especially when compared to the European Central Bank's recent move. This tension comes at a time when the economy is facing challenges due...
The latest numbers show that prices in the U. S. went down last month, with a big drop in gas, flights, and hotel stays. This is a sign that the rate at which prices are going up is slowing down. The overall increase in prices was 2. 4% in March compared to the same month last year. This is lower than the 2. 8% increase seen in February and the smallest rise since Se...
Tariffs have been in the spotlight. The stock market reacted to the news of tariffs on Monday. The S&P 500 dipped 0. 6% during midday trading, while the Dow Jones Industrial Average and Nasdaq composite saw a 0. 1% and 1% loss respectively. Asian and European markets, however, fared worse. The fear was clear: a potential trade war could cau...
Bitcoin took a hit early in the day on Monday, dropping below $100, 000. It didn't take long for the world's largest cryptocurrency by market cap to recover from its low point of $97, 900. Seems like Bitcoin's gains from the recent industry-friendly regulations and a national crypto stockpile announced by the president were not enough. The price dropped $100, 000 ma...
In a surprise move, the Federal Reserve decided to cut interest rates by a larger margin than expected. But what drove this unprecedented decision? At first glance, the economy didn't seem to be flashing any warning signs. However, one crucial jobs report and a couple of inflation updates changed everything. The Fed chair, Jerome Powell, and his team were initially...
The stock market is about to open, and investors need to be prepared for what's coming. Here are the top 5 things you need to know before the market opens on Monday. So, what's the big news? Well, the Federal Reserve is set to make a crucial decision on interest rates, which could have a significant impact on the market. Traders are pricing in a 59% chance of a 0.5 ...