U.S. stocks and global markets crumbled after the Federal Reserve’s latest dot plot iteration, which only pencilled in two more cuts.
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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.
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.
The recent murder of Brian Thompson, the CEO of United Health Care, has led many people to claim that private health insurance is an example of what is wrong with the free market, and that we ought in consequence of its manifest failures to institute a government run single-payer system. Mr. Thompson was shot outside the Hilton Hotel in Manhattan on Wednesday…
Manhattan prosecutors on Tuesday revealed a new timeline leading up to the killing of UnitedHealthcare CEO Brian Thompson on Dec. 4.
President-elect Trump’s election victory has produced soaring confidence in the global economy, according to a new survey by Teneo, the global CEO advisory firm. Why it matters: The survey includes the views of more than 300 global public company CEOs, plus 380 institutional investors representing approximately $10 trillion of company and portfolio value. What they’re saying:…
Dozens of homes and businesses on four blocks of the Valentine neighborhood have been razed over the past 120 years, demolished one by one from 80 at its peak in 1909 to 30 at the beginning of this year. As 2024 comes to a close, only eight still stand in the area bordered by 33rd and 35th streets, Southwest Trafficway and Pennsylvania Avenue. “It’s like a wasteland,” said…
A lawsuit has been filed in Pinellas County, Florida, accusing a local air conditioning company of negligence that allegedly led to a devastating fire. Universal Property & Casualty Insurance Company, acting on behalf of Sam and Sandy Kershen, lodged the complaint against Acree Air Conditioning, LLC on December 10, 2024. The case highlights significant property…
Data: American Psychological Association; Note: Respondents could pick multiple options; Chart: Axios Visuals Just over a third of U.S. psychologists say they don’t accept any type of health insurance, according to the American Psychological Association’s latest annual provider survey. Why it matters: The lack of mental health professionals in insurer networks can make it difficult…
The U.S. has made great progress in getting more people insured since the Affordable Care Act took effect in 2014. The share of uninsured Americans ages 18 to 64 fell from 18% before the ACA to 9.5% in 2022. And preexisting conditions no longer prevent coverage or lead to an increase in premiums.
