WASHINGTON– The Federal Reserve held interest rates steady Wednesday and kept its forecast for two cuts in 2025 as officials struggled to respond to the double-barreled threats spawned by President Donald Trump's widening trade war– rising inflation and a slowing economy. "We think the right thing to do here is wait for greater clarity in terms of what the…
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The national average cost of full-coverage car insurance could increase by 8% by the end of the year if 25% tariffs on imports from Canada and Mexico go into effect on April 2, according to an analysis by Insurify. Trump agreed to postpone until early April tariffs on imports from Mexico and Canada that fall under the United States- Mexico-Canada Agreement, or…
Idaho Gov. Brad Little signed into law a bill that proposes sweeping policy changes to control Medicaid’s costs. House Bill 345 calls for the state to seek work requirements for able-bodied Idahoans on Medicaid, and to give Idahoans eligible for Medicaid expansion access to tax credits to buy insurance on the state’s health care exchange. […]
The Federal Reserve announced Wednesday that it would hold its interest rates steady in its second meeting of 2025. The Fed’s decision to maintain its target range at 4.25% to 4.5% met economists’ expectations. The announcement comes after the consumer price index, a broad measure of the price of everyday goods, rose 0.2% in February, the…
A federal judge has rejected the claims of two Bozeman municipal court judges who said a lawsuit brought by a bail bonding company should be dismissed because of judicial immunity. Meanwhile, the state’s judicial standards commission has dismissed a similar complaint against the two judges, according to a letter from the commission’s chairman.
San Jose small businesses dependent on liability insurance have fallen on hard times as insurance carriers exit California or increase premiums by double digits. Laine’s Bait and Rentals, one of the most recognizable family-owned storefronts in North San Jose’s Alviso neighborhood, is one of those businesses. The mom and pop shop opened in the 1950s…
LTCI " data-image-caption="Genworth Financial, which has an office in Stamford, is one of the largest providers of long-term care insurance in the U.S. " data-medium-file="https://ctmirror-images.s3.amazonaws.com/wp-content/uploads/2024/12/2024_1106_SR_Genworth_011-336×224.jpg"…
Stocks extended their midday gains after the central bank kept interest rates unchanged, but still forecast two rate cuts this year.
The USD/JPY pair remained firmer on the session as the Bank of Japan opted to keep rates unchanged at 0.5%, a decision that was widely expected by markets.
BREAKING NEWS! *** *** The Federal Reserve just opted to hold interest rates steady as officials reckon with fearful markets and concerns of an economic slowdown sparked by the trade wars launched by President Donald Trump and his efforts to overhaul and dismantle government agencies. After a two-day meeting of its monetary policy committee in Washington, D.C., the Fed announced it…
(The Center Square) – The U.S. Securities and Exchange Commission under the Trump administration is dropping its appeal in its lawsuit against Ripple, a blockchain-based digital payment company, Ripple CEO Brad Garlinghouse said Wednesday.
Mark Carney – who has a track record on climate action as a central banker and UN envoy – ends levy and promotes green incentives for the public, with industrial emitters expected to do the heavy lifting The post Canada’s new leader culls carbon tax seen as burden on voters appeared first on Climate Home News.
4:12pm: Nasdaq leads rally US stocks finished Wednesday’s session on the front foot after the Federal Reserve held interest rates steady and signalled it intends to stay on course for two more rate cuts this year. The tech-laden Nasdaq led the gains, up 1.4% at 17,750 points. The S&P 500 added 1.1% at 5,675 points while the Dow Jones was up 0.9% at 41,964 points. "Overall,…
The "Fed Put" refers to the market belief that the U.S. Federal Reserve will intervene to stabilize markets if asset prices fall significantly, often by lowering interest rates or purchasing assets.
Digital asset derivatives exchange Bitnomial has announced the launch of the first-ever XRP futures regulated by the CFTC. Advertisement In addition, the firm has also dropped its lawsuit against the U.S. Securities and Exchange Commission (SEC).
2:08pm: Fed holds rates The Federal Reserve kept interest rates unchanged for the second consecutive meeting and maintained its forecast for two rate cuts this year. However, it revised its outlook, expecting higher inflation (2.8% vs. 2.5%) and slower economic growth (1.7% vs. 2.1%). The unemployment rate is projected to rise slightly to 4.4%. These adjustments come amid the Trump…
The Federal Reserve kept its forecast for two rate cuts this year amid Trump's tariffs, which are expected to push up inflation and slow the economy
On Tuesday, Bitcoin [BTC] triggered another bout of crypto market sell-off after dipping to $81K from $84K and closed the daily session with a 1.54% loss. It was the first day of the FOMC (Federal Open Market Committee) meeting, and analysts also linked the sell-off to geopolitical tensions.
Around the world, economic policymakers are adapting to the reality that President Trump could upend their plans at a moment’s notice. Why it matters: Some global central bankers all but admit they are at the whim of Trump, with hesitancy to adjust their policy dials until they know the degree to which they will be a tariff target. The data officials in the U.S., Europe and Japan…
