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Dollar in doldrums as Fed rate-cut bets build; bitcoin soars to record high

The dollar languished near multi-week lows against the euro and sterling on Thursday as traders ramped up bets for the ...

Fed's Goolsbee is concerned about inflation, not jobs, hinting at high bar for rate cut

Fed's Goolsbee said he's more worried about inflation than weak job growth. His remarks suggest he may not support a ...
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Odds of a Rate Cut Hit 99.9% as September Decision Nears

Markets see a near-certain Fed rate cut in September, but internal divisions and inflation concerns could shape the size and ...

World equities hit record highs, US yields fall on optimism for Fed rate cut

An index of global equity markets rose to a record high for the second straight session on Wednesday, partly underpinned by ...

Stock market today: Dow jumps 450 points as S&P 500, Nasdaq log back-to-back records on surging Fed rate cut bets

US stocks rose amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following ...

Bessent calls for steep interest rate cuts

Treasury Secretary Scott Bessent said Wednesday that short term interest rates should be 1.5 to 1.75 percentage points lower than their current level, keeping up the administration’s pressure ...

Home equity rates dip as hopes of a Fed September slash strengthen

This uncertainty introduces interest rate risk, especially for HELOCs with variable rates, meaning borrowing costs could ...

As the Fed cuts rates, flows from money market funds will broaden the rally: Citadel strategist

Scott Rubner, a former Goldman Sachs tactical strategist now at Citadel Securities, remains upbeat on stocks through to Labor ...

Fed's current monetary policy stance is 'exactly where we want to be,' official says

Kansas City Federal Reserve President Jeffrey Schmid said he favors keeping interest rates at current levels to prevent ...