Federal Reserve
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Business
Why U.S. Borrowing Costs May Stay High Despite Fed Pressure
WASHINGTON — The U.S. financial system is undergoing a profound structural transformation after nearly fifteen years shaped by ultra-low interest…
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Business
Airlines Cut Winter Flights as Jet Fuel Hits $181.46
A sudden escalation in global energy prices is emerging as the primary threat to the financial stability of major U.S.…
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Crypto
House Advances Bitcoin Reserve Bill After Stripping Federal Funding Plans
**WASHINGTON** — The House Financial Services Committee voted 28-21 on Wednesday to favorably report the American Reserve Modernization Act, designated…
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Business
Warsh Breaks With Fed Tradition as Markets Reprice Rate Outlook
The Federal Open Market Committee voted Wednesday to raise the federal funds rate by 25 basis points, setting a target…
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Business
Fed Raises Rates for First Time in More Than Three Years
WASHINGTON — The Federal Open Market Committee voted unanimously, 12-0, Wednesday to raise the benchmark federal funds rate by 25…
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Crypto
Bitcoin Awaits the Fed as Crypto Investors Look Past Washington
WASHINGTON — Bitcoin traded at approximately $76,140 on Wednesday morning, down 0.9% over 24 hours and 4% for the week.…
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Business
Bond Markets Tighten the Limits on Washington
WASHINGTON — The U.S. Treasury market is establishing strict parameters for federal monetary and fiscal policy as the Federal Open…
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Business
Oil Shock, Election Volatility and an 88.5% Fed Hike Bet
Global equity markets sold off across several regions as higher borrowing costs were priced into asset valuations. S&P 500 index…
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Business
Prediction Markets Face Insider-Trading Warning as Political Stakes and Valuations Surge
BRUSSELS and WASHINGTON — Prediction markets are gaining political influence, investment, and trading volume while facing escalating scrutiny from regulators…
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Business
Powell Sells Gibson Island Estate for $7.2 Million After Leaving Fed Chair
WASHINGTON — Jerome Powell finalized the off-market sale of his waterfront estate on Maryland’s exclusive Gibson Island for $7.2 million,…
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