The Latest Breaking News from US Federal Reserve

The successor to the first stock market index is getting up there with the S&P 500 and the Nasdaq Composite in all-time-high territory.

Cryptocurrency markets are trading lower on Wednesday despite equities making new highs.

“There are cases where entire classes of jobs will go away,” Altman said on a panel at the Federal Reserve, while predicting “entirely new classes of jobs that will come.”

Major digital asset firms and issuers of stablecoins, Circle Internet Group Inc. (NYSE:CRCL) and Ripple (CRYPTO: XRP) are aiming to become integral players in the banking system to show how crypto can now be used in banking, as highlighted by Anthony Agoshkov, co-founder of Marvel Capital.

Despite holding the highest policy rate among G-10 nations, Jeffrey Roach, the Chief Economist at LPL Financial, emphasizes that while the administration’s lobbying for lower rates is not new, the Federal Reserve‘s independence in pursuing its mandate remains paramount.

Although Trump thinks Powell is “the Worst Federal Reserve Chairman in History,” the Fed chair and his colleagues probably are listening to the president’s arguments in favor of a lower rate.

The 2-1 ruling from the ninth US circuit court of appeals brings issue one step closer to coming back before supreme court. This blog is now closed.

U.S. stock futures rose on Wednesday after ending on a mixed note on Tuesday. Futures of major benchmark indices were higher.

Cryptocurrency bettors are pricing in a 50% chance that the Federal Reserve will enact the first interest rate cut of 2025 during the upcoming September meeting.

Key invisible costs have propelled criticism of Fed Chair Jerome Powell by President Trump and his allies.

Chamath Palihapitiya has endorsed William "Bill" Pulte as the next chair of the Federal Reserve, calling him an ideal candidate with deep expertise in housing and strong alignment with the Donald Trump administration.