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What payment firms want from real-time's next chapter
Real-time payments and FedNow were top of mind at The Clearing House's Annual Convention this week. Here's how banks and ...
1 in 4 Investopedia Readers Say They Now Own Crypto—See What Else They're Buying
Investopedia readers say they now own crypto, the highest in a year, according to Investopedia's most recent survey of its ...
Bank of Mexico lowers key interest rate, leaves door open to future cuts
The Bank of Mexico on Thursday lowered its benchmark interest rate by 25 basis points for a third straight meeting, ...
Why credit card rates remain high, even after interest rate cuts
Americans' credit card debt has hit a record high, the Federal Reserve of New York said in a report released this week.
Gold Holds Near Two-Month Low as Powell Flags Rate-Cut Restraint
Gold held near a two-month low amid persistent strength in the dollar, with traders winding back expectations for a Federal ...
Inflation accelerated in October, offering first look at prices since election
Economists expect prices to have risen 2.6% over the year ending in October. That figure would mark a slight uptick from the ...
Donald Trump picks Jay Clayton, former SEC chair, for powerful U.S. attorney role
If confirmed by the Senate, Clayton would lead one of the most important federal prosecutor offices in the country.
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming ...
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How a Trump administration could affect California’s housing crisis
If those are any indication, a Trump presidency will likely make it harder for immigrants, including mixed-status households, ...
Fed Chair Powell Says There’s No Need to ‘Hurry’ to Cut Rates
A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank ...
Powell says the Fed doesn't need to be ‘in a hurry' to reduce interest rates
The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully,” Powell said.
Fed’s Powell: Rate cuts are still underway
Federal Reserve Chair Jerome Powell said Thursday that interest rates are still expected to decline further, but suggested they might not be that much lower over the next few months.