Fed, savings rates
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The Federal Reserve is about to flip the liquidity switch back on, and crypto may be one of the first places it shows up.
The Fed has cut interest rates for the third time in a row at December's meeting. Fed members were the most divided they've been all year.
The Federal Reserve ordered another quarter-point cut to its federal funds rate, but not without dissents among the rate-setting committee.
Jerome Powell has concluded his news conference following the announcement that the Federal Reserve will cut the country's key lending rate by a quarter point. This is the third reduction this year brings the key interest rate to 3.50% to 3.75%. Powell affirms the Fed's commitment to keeping inflation low and near the Fed's target.
The cut of a quarter-point will likely make it cheaper for average Americans to secure mortgages, pay credit card debt or finance cars.
President Trump wants substantially lower borrowing costs, but officials at the central bank appear ready to resist delivering further cuts if the economic backdrop does not warrant it.
A popular narrative around bitcoin's drop from its October record high was that liquidity was a big problem. But the world's largest cryptocurrency still appears to be stuck in a rut around $90,000 a
The software and cloud computing company’s shares slumped in after-hours trading as it tapped directly into the fears that have hit the AI trade: a jump in spending on AI data centres which are taking longer than investors want to translate into returns.