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Tag: Federal Reserve

Gold bracelets are displayed inside a gold shop in Bangkok's Chinatown, Thailand, October 9, 2025. REUTERS/Athit Perawongmetha

Gold’s rush above $4,000/oz cements status as global bellwether

Gold’s unprecedented ascent this week to the $4,000 an ounce milestone and beyond puts it on course for its best year since the Iranian Revolution in 1979.

Read More Gold’s rush above $4,000/oz cements status as global bellwether
(Background) WASHINGTON, DC - OCTOBER 7: People pass outside the U.S. Supreme Court on October 7, 2024 in Washington, DC. The new Supreme Court term starts as the justices of the country's highest court return from summer break with new cases on the docket and the possibility that emergency election-related cases could arise in the coming weeks as the presidential election looms in the distance. (Photo by Kent Nishimura/Getty Images) / (Center) WASHINGTON, DC - JUNE 21: Lisa DeNell Cook, nominee to be a member of the Board of Governors of the Federal Reserve System, is sworn in during a Senate Banking nominations hearing on June 21, 2023 in Washington, DC. If confirmed, Cook would be the first Black woman to sit on the Board of Governors in its 108-year history. (Photo by Drew Angerer/Getty Images)

SCOTUS postpones decision on whether Trump admin can remove Fed. Reserve member Lisa Cook, agreeing to hear oral arguments next year

The Supreme Court on Wednesday postponed a decision on whether President Donald Trump can immediately remove Federal Reserve board member Lisa Cook, instead agreeing to hear oral arguments in the case early next year.

Read More SCOTUS postpones decision on whether Trump admin can remove Fed. Reserve member Lisa Cook, agreeing to hear oral arguments next year
WASHINGTON, DC - SEPTEMBER 17: Federal Reserve Chair Jerome Powell holds a news conference following a two-day meeting of the Federal Open Market Committee at the Federal Reserve on September 17, 2025 in Washington, DC. In the face of a softening labor market, Powell announced a quarter-point cut to the federal funds rate, bringing rates down to a new range of 4 percent to 4.25 percent. (Photo by Chip Somodevilla/Getty Images)

Federal Reserve cuts interest rates, suggests more reductions to come

The Federal Reserve announced a quarter-point reduction in its key interest rate on Tuesday, lowering it to a range of 4.00% to 4.25%. This marks the first rate cut since December of last year.

Read More Federal Reserve cuts interest rates, suggests more reductions to come
Federal Reserve Chair Jerome Powell attends a press conference following the issuance of the Federal Open Market Committee's statement on interest rate policy, in Washington, D.C., U.S., September 17, 2025. REUTERS/Elizabeth Frantz

Fed lowers interest rates, signals more cuts ahead; Miran dissents

The Federal Reserve reduced interest rates for the first time since December and indicated more cuts would follow to halt any signs of weakness.

Read More Fed lowers interest rates, signals more cuts ahead; Miran dissents
A Bank of America logo is seen on the entrance to a Bank of America financial center in New York City, U.S., July 11, 2023. REUTERS/Brendan McDermid/File photo

BofA expects Fed to deliver two cuts this year after soft jobs report

BofA Global Research on Friday forecast the U.S. Federal Reserve to deliver two 25 basis point cuts, in September and December, after a soft jobs report.

Read More BofA expects Fed to deliver two cuts this year after soft jobs report
Lisa Cook, member of the Board of Governors of the US Federal Reserve, attends a Federal Reserve Board open meeting discussing proposed revisions to the board's supplementary leverage ratio standards at the Federal Reserve Board building in Washington, DC, on June 25, 2025. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

Fed. Reserve Board of Governors member Lisa Cook to sue over GOP admin’s firing: ‘I will not resign’

Federal Reserve Board of Governors member Lisa Cook is reportedly filing a lawsuit challenging her firing, which was ordered by President Donald Trump following allegations that she committed mortgage fraud.

Read More Fed. Reserve Board of Governors member Lisa Cook to sue over GOP admin’s firing: ‘I will not resign’

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