News list for " decisions"
President Trump: Oil prices were a factor in the tariff decision.
The Fed's interest rate decision will be announced in Washington at 3:00 Beijing time on Thursday, and Federal Reserve Chairperson Jerome Powell will hold a post-meeting press conference 30 minutes later. The Fed has cut interest rates at three consecutive meetings since last September, cutting the base rate by a full percentage point, and the current target range is 4.25% to 4.5%. Several policymakers said he...
Bitcoin has fallen more than 10 per cent since the Fed's December 18 announcement. Aurelie Barthere, chief research analyst at Nansen, told The Block: "I would have expected the pullback to happen later, probably in January. The Fed's hardline stance and political uncertainty around US fiscal priorities, including ongoing government shutdown negotiations, may have contributed to the sell-off." Barthere forecasts a price range of 90% for Bitcoin.
"The decision to cut rates is a nod to growing confidence that inflation is on track to reach the Fed's 2 percent target - confidence based in part on signs in recent months that both labor and product markets are balancing," Kansas Fed President Schmid said in remarks prepared to be delivered to the Omaha Chamber of Commerce. He said that while progress toward returning to the 2 percent target means now is an appropriate time to cut rates, "interest rates...
This week, Ethereum's core developers decided to split the network's next major upgrade, Pectra, into at least two parts, with the first update due around February 2025. At present, gas fees on Ethereum, Base, Arbitrum, Optimism, and other second-layer networks must be paid in ETH regardless of the token being transferred. A proposal included in the first part of Pectra, EIP-7702, would effectively end this requirement, allowing users to use a wider range of tokens for other purposes.
