Bitcoin [BTC] dropped below the $100,000 mark on Wednesday night, the 18th of December, following comments by U.S. Federal Reserve Chair Jerome Powell. Speaking at a press conference, Powell stated that the Federal Reserve is not allowed to hold Bitcoin and has no intention of seeking a change in the law to do so.
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For the third time in a row, the Federal Reserve has lowered interest rates by 25 basis points. Find out how this choice impacts credit cards, student loans, auto loans, savings accounts, and mortgage rates.
Insurance coverage for physical ailments has expanded steadily, while coverage for mental health issues remains out of step with advances in understanding its causes, impacts and treatment.
The Federal Reserve lowered interest rates on Wednesday by an additional quarter percentage point while pulling back on planned rate cuts next year as inflation proves to be a bigger challenge than its earlier estimates. The Fed penciled in just two rate cuts for 2025, down from four forecast in September, emphasizing that future cuts would depend on…
WASHINGTON– The Federal Reserve lowered its key interest rate by another quarter percentage point Wednesday but forecast a significantly slower pace of rate cuts next year following a recent inflation pickup and strong economic growth. President-elect Donald Trump's vows to slap hefty tariffs on imports, restrict immigration and cut taxes could be at…
WASHINGTON− The Federal Reserve concluded its final meeting of 2024 on Wednesday, and 2025 will likely be Fed Chair Jerome Powell's last full year at the helm of the U.S. central bank. Clear' stop' sign Powell's main mission is "completing the' soft landing' with inflation at 2% and full employment, in what's likely to be trickier weather" with tax, tariff and…
U.S. stocks and global markets crumbled after the Federal Reserve’s latest dot plot iteration, which only pencilled in two more cuts.
The Federal Reserve cut interest rates by 25 basis points this afternoon, as expected, but stocks and bond yields did not react well to the central bank’s interest rate outlook.
Asian markets sank Thursday and the dollar held gains following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook and boss Jerome Powell warned officials’ focus was back on fighting inflation.
The Federal Reserve signaled that it will move more slowly and cautiously next year as it considers further rate cuts. The Fed cut its benchmark rate one-quarter of 1 percentage point on Wednesday, to 4.25% to 4.5%, in line with economists’ expectations, despite measures of inflation moving up in recent months. Cleveland Fed President Beth…
Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the cryptocurrency.
CURE Auto Insurance wants to charge Michigan drivers 25% more for car insurance coverage in 2025. Specifically, CURE wants to “revise the rates in its Private Passenger Auto program in the State of Michigan” which would “[i]ncrease the base rate for BI, PPI, and PIP coverages by 25%,” according to the October 21, 2024, Rate…
By Lewis Nibbelin, Contributing Writer, Triple-I Technological innovations — particularly generative AI — are revolutionizing insurance operations and risk management more quickly than the industry fully accommodate them, necessitating more proactive involvement in their implementation, according to participants in Triple-I’s 2024 Joint Industry Forum.
A staggering 40% of PIP claims face delays or denials due to incorrect paperwork. FintechZoom.com reports this error costs drivers millions in out-of-pocket expenses annually. The PIP insurance process should be straightforward and clear. Many drivers feel overwhelmed when handling medical bills, lost wages, or other post-accident expenses through PIP claims. FintechZoom.com has…
The Federal Reserve capped off its final monetary policy meeting of the year by delivering a widely anticipated 25-basis-point rate cut. But the tone of the Fed’s accompanying statement and economic projections highlighted a more cautious outlook, emphasizing the central bank’s commitment to price stability as inflation proves stubborn. The decision, which aligns with market…
Federal Reserve cuts interest rates for the third time in 2024, easing the pain for many. But uncertainty is building about future rate cuts.
The U.S. Federal Reserve has decided to cut the benchmark interest rate by 25 basis points, which is in line with analysts’ expectations. Advertisement The price of Bitcoin is currently trading at 104,374 on the Bitstamp exchange following the announcement.
Bitcoin [BTC] led the crypto market with notable de-risking ahead of the Fed rate decision as analysts prepared for a possible ‘hawkish cut.’ The cryptocurrency declined from an all-time high of $108K to $103K just hours before the FOMC meeting. Markets had priced in another 25bps interest rate cut.
Rep. Adam Anderson has been named to leadership roles in two committees, giving him a key role in legislative decision-making related to health care and insurance. Anderson, for the 2025 and 2026 Sessions, will chair the Health Care Facilities and Systems Subcommittee and will serve as Vice Chair for the Insurance and Banking Subcommittee.
