The Latest Breaking News from the Federal Reserve

Bitcoin plunged from record highs after a $1.6 billion liquidation wiped out long positions, sparking panic as investors blamed US Treasury liquidity drains and looming rate cuts.

The Federal Reserve's preferred inflation gauge showed no signs of cooling in August, remaining stubbornly high and reigniting questions over whether the market’s aggressive rate-cut bets are truly justified.

Equities wavered Wednesday following a down day on Wall Street, where worries about high valuations were compounded by mixed messaging from the Federal Reserve on its plans for interest rates.

Plug Power Inc (NASDAQ:PLUG) shares are pulling back Tuesday afternoon, following the momentum from Monday’s rally, which was spurred by the growing need for alternative energy solutions to power the artificial intelligence boom. The recent interest rate cut by the Federal Reserve has also bolstered investor confidence in capital-intensive companies…

Editor’s Note: The future prices of benchmark tracking ETFs were updated in the story.

Central banks such as the RBA need to be wary of the risks of inflation kicking off again, which could trigger market sell-offs, a global economic body warns.

Bitcoin is consolidating near $116,000 as traders await US inflation data, the Federal Reserve's policy decision, and a crucial weekly close that could spark a sharp breakout or reversal.

U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 150 points during the session, also hitting a fresh record high. The Federal Reserve, last week, cut rates by 25 basis points and signaled more easing ahead.

Cryptocurrency bettors held back from lofty Bitcoin (CRYPTO: BTC) projections despite the Federal Reserve's quarter-point rate cut last week.