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 bellwetherTag: Federal Reserve
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 yearFederal 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 comeFed 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 dissentsBofA 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 reportFed. 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’