Tag Archives: cut

Bitcoin, Ethereum Fall as PPI Shock Squashes Hopes for Jumbo Rate Cut

Bitcoin, Ethereum Fall as PPI Shock Squashes Hopes for Jumbo Rate Cut

In brief Bitcoin’s price fell Thursday following a hotter-than-expected PPI report. Producer prices rose 0.9% in July, the largest monthly increase in over three years. Traders abandoned the prospect of a 50-basis-point rate cut. Bitcoin and other cryptocurrencies slipped on Thursday after rising producer prices blunted rate-cut hopes, and U.S. Treasury Secretary Scott Bessent said the government wouldn’t start cutting …

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Stocks retreat after hot US inflation data shakes Fed rate cut hopes – Reuters

Stocks retreat after hot US inflation data shakes Fed rate cut hopes  Reuters Why hotter-than-expected wholesale prices make the Fed’s September rate cut decision harder  Yahoo Finance PPI report shows biggest surge in three years. Here’s what that says about inflation.  CBS News Businesses have been eating Trump’s tariffs. That’s starting to change  CNN Wholesale prices rose 0.9% in July, much more than expected  CNBC …

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How some of the biggest U.S. companies are using AI to cut workers

How some of the biggest U.S. companies are using AI to cut workers

An Amazon worker on the picket line during a strike over pay at the Amazon.com Inc. fulfilment center in Coventry, U.K., on Feb. 28, 2023. Bloomberg | Bloomberg | Getty Images Artificial intelligence has emerged as a key tool for companies to drive growth — and reduce labor costs —particularly as pressure mounts for businesses to remain competitive. Companies in …

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Asia Stocks Seen Higher as Fed Cut Momentum Builds: Markets Wrap – Bloomberg.com

Asia Stocks Seen Higher as Fed Cut Momentum Builds: Markets Wrap  Bloomberg.com Fed rate-cut drumbeat pegs back dollar; Asian stocks take a breather  Reuters Asia-Pacific markets trade mixed as investors bet on Fed rate cut  CNBC Asian Shares Are Mixed After Days of Gains Driven by Hopes for US Rate Cuts  U.S. News & World Report Kyodo News Digest: Aug. 13, 2025  english.kyodonews.net Source link

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Scott Bessent questions whether Powell should cut rates by 50 bps in September

Scott Bessent questions whether Powell should cut rates by 50 bps in September

Investors are pricing in a more than 96% chance of the Fed cutting the base rate in September, following a cooler than expected inflation report for July, released yesterday. But this isn’t the only pressure Jerome Powell and the Federal Open Market Committee (FOMC) are under: Analysts and politicians are also getting their orders in for how much of a …

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Why a jumbo Fed rate cut in September would ‘come across as panicky’ – MarketWatch

Why a jumbo Fed rate cut in September would ‘come across as panicky’  MarketWatch Fed cut seen near certain after inflation data, Bessent comments  Reuters Bessent Urges Fed to Lower Rates by 150 Basis Points or More  Bloomberg.com Is the Fed ready to cut interest rates? Experts weigh in  ABC News US treasury secretary Scott Bessent calls for half-point interest rate cut at next …

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US appeals court lets Trump cut billions in foreign aid – Reuters

US appeals court lets Trump cut billions in foreign aid  Reuters Trump Administration Can Withhold Billions in Foreign Aid, Appeals Court Rules  The New York Times Appeals court allows Trump to continue ending foreign aid grants  CNN Humanitarian groups cannot challenge Trump’s impoundment of foreign aid grants, appeals court rules  Politico US appeals court lifts injunction on Trump effort to slash foreign aid  Al Jazeera …

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S&P 500, Nasdaq hover near record highs on September rate cut hopes – Reuters

S&P 500, Nasdaq hover near record highs on September rate cut hopes  Reuters Stock market today: Dow pops, S&P 500 and Nasdaq waver as Fed rate cut bets surge  Yahoo Finance World stocks hit new peak, US bond prices rise as markets position for Fed rate cut  Reuters Wall Street drifts around its records following a worldwide rally  AP News Wall Street goes full …

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