Trump Calls for 1% Fed Rate as Warsh Hikes, Warns of More
Trump demanded the Fed cut rates to 1% after Warsh raised them to 3.75-4%, threatening more hikes. Bitcoin and gold reacted.
Trump demanded the Fed cut rates to 1% after Warsh raised them to 3.75-4%, threatening more hikes. Bitcoin and gold reacted.
Wells Fargo cut its S&P 500 target to 7,700 from 7,950 ahead of the Fed's rate hike, citing valuation risk from rising yields.
The Fed raised rates by 25bps to 3.75%-4.00% unanimously and projected further hikes, signaling a higher-for-longer path.
Peter Schiff argues the bond market broke in 2020 and the Fed has lost the inflation fight, while debating Bitcoin's value against gold.
Jamie Dimon warned of a $10 trillion small-business ownership risk; Mark Zandi cautioned the Fed could make a serious policy mistake.
Dow tumbles 630 points after Fed's first hike in three years and hawkish Warsh comments; banks and crypto drag, while AI names gain.
Thursday's Asia calendar is quiet; NZ GDP is the key data point. The failed clarity bill and Fed hike were both widely expected.
Bitcoin's price swung after the Fed raised rates for the first time since 2023, eventually settling near $75,813.
Federal Reserve hikes rates for first time in three years; dollar rises.
Fed's Warsh said the economy looks to be strengthening, inflation remains too high, and the FOMC has not met the confidence bar on underlying inflation.
The Fed decision strengthened the dollar and lifted short-term Treasury yields; the Dow turned negative but technology stocks held their gains.
Fed hikes rate to 4%; 16 of 18 officials see further increase. Bitcoin spiked then fell, gold sold off after the decision.
The Federal Reserve raised interest rates by 25 basis points for the first time in three years, as expected. The decision was unanimous.
The Fed raised rates by 25 bps to 3.75%-4.00%, with the dot plot signaling one more 2026 hike.
The Federal Reserve raised rates by 25 basis points to 3.75-4%, citing resilient spending and strong productivity, aiming for price stability.