Last week, the price of copper climbed to $11,617 per ton, marking a more than 30% gain for the year and signaling more than a typical commodity upswing. The current environment reflects a fundamental shift in the global copper ecosystem, where short-term influences like expectations of Federal Reserve easing and U.S. tariff uncertainty intersect with powerful, […]
Economic News
Federal Reserve Bank of Chicago President Austan Goolsbee has explained his decision to vote against the Fed’ s decision to cut interest rates by a quarter percentage point on Wednesday. While he voted to lower rates at the September and October Federal Open Market Committee meetings, Goolsbee said the panel should have waited to get more data, especially…
The Federal Reserve Board on Thursday announced its approval of the application by Banco BTG Pactual S.A., of Rio de Janeiro, Brazil, its parent holding companies, and subsidiary, BTG Pactual Bancorp, LLC, of New York, New York, to acquire M.Y. Safra Bank, FSB, of New York, New York.
The Federal Reserve Board on Thursday announced its approval of the application by The PNC Financial Services Group, Inc., of Pittsburgh, Pennsylvania, to acquire FirstBank Holding Company, and thereby indirectly acquire FirstBank, both of Lakewood, Colorado.
Following a comprehensive review by the boards of directors of the regional Reserve Banks, and the unanimous concurrence of Federal Reserve Board members, the Federal Reserve on Thursday announced the reappointment of Federal Reserve Bank presidents and first vice presidents. By law, all Reserve Bank presidents and first vice presidents serve five-year…
Today, U.S. Senator Rand Paul, Chairman of the Senate Homeland Security and Governmental Affairs Committee, convened a hearing to discuss a newreportexposing the Federal Reserve's use of Interest on Reserve Balances. In his opening statement, Chairman Paul described the Federal Reserve as one of the "most powerful, secretive, and unaccountable institutions…
And despite inflation and unemployment ticking up in September, not to mention four months of job losses over the past six months, President Trump offered an optimistic assessment of the U.S. economy. Dasha Burns:“ But I do want to talk about the economy, sir, here at home. President Trump was interviewed by Politico’ s Dasha Burns.
—The Federal Reserve's governing board unanimously approved the reappointment of nearly all of the Fed's 12 regional bank presidents, a group that has come under scrutiny by the Trump administration. The Fed's board approved the reappointment of 11 of the presidents, with the only exception being the Atlanta Fed, where current president Raphael Bostic is…
The U.S. economy now runs on electronic payments, and every purchase and sale depends on an intricate network that involves not only consumers and merchants, but also the merchants' banks, the banks that issue the debit and credit cards and maintain their cardholders' accounts, and network processors such as Visa and MasterCard that intermediate the electronic…
The start of the week saw prices of both silver and gold drop as treasury yields rose ahead of a policy announcement by the Federal Reserve. Silver dropped to $58.12 an ounce, representing a 0.4% decrease. At the same time, gold dropped by 0.1% while palladium and platinum prices rose. All eyes will be on the […]
The average rate on a 30- year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year. They generally follow the trajectory of the 10- year Treasury yield, which lenders use as a guide to pricing home loans. The rise in mortgage rates comes a day after the Federal Reserve cut its main interest rate for the third time this…
The NZD/USD is near the 0.58000 level as of this writing, this as the currency pair remains within the higher elements of its mid-term price range in the aftermath of the U.S Federal Reserve’ s interest rate policy mandates yesterday. In the wake of the U.S interest rate cut yesterday that was widely anticipated in the broad Forex market, the NZD/USD climbed to a…
–Overall Trend:: Neutral with an upward bias.– Support Levels for EUR/USD Today: 1.1620– 1.1570– 1.1490– Resistance Levels for EUR/USD Today:: 1.1720– 1.1800– 1.1880. –Buy EUR/USD from the support level of 1.1570 with a target of 1.1800 and a stop-loss at 1.1490.– Sell EUR/USD from the resistance level of 1.1800 with a target of 1.1500 and a stop-loss at 1.1900.
The National Restaurant Association is seeking solutions to the national penny shortage. Urging the U.S. Treasury, the Federal Reserve and the coin supply chain to work together to ensure the nationwide circulation of the penny. Federal legislation establishing nationwide rounding rules with a safe harbor for restaurant operators handling transactions…
DETROIT, MICHIGAN- December 11, 2025- After a lengthy period where the underlying sentiment of monetary policy teetered, Federal Reserve officials appeared to have taken on a more dovish tone. On Nov. 21, data provided by the CME FedWatch tool revealed that the probability of a 25- basis-point rate reduction at the Dec. 10 policy meeting jumped to 74%.
–The Federal Reserve on Wednesday again cut interest rates, just ahead of the Christmas holiday. For eight months, the Fed held rates steady at 4.25% to 4.5%; at the Federal Open Market Committee's last three meetings, it has lowered rates by 0.25% each time. The Fed's statement on its decision Wednesday indicated that the economy hasn't changed dramatically…
—Asian shares were mixed on Thursday after the U.S. stock market again approached its record high following the Federal Reserve’ s cut in its main interest rate. U.S. futures fell and oil prices were little changed. In Tokyo, the Nikkei 225 index fell 1% to 50,087.11, pulled lower by a 6.8% drop in technology and telecoms giant SoftBank Group Corp., a major investor in…
Here are the top stories you need to know to start your day, including what the Federal Reserve rate cut means for you, 3 Chicago White Sox takeaways from winter meetings and best rock, pop and hip hop of 2025.. What the Federal Reserve rate cut means for you. The Federal Reserve cut its benchmark interest rate by a quarter point for the third time since September,…
The following information was released by the Association for Manufacturing Technology:. McLean, Va. After ploughing through an extended drought of official statistics because of the government shutdown, the Federal Reserve cut interest rates by a quarter point for the third consecutive meeting, landing at a target range of 3.5% to 3.75%.
