Tag Archives: Cuts

WASHINGTON (AP) — Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House’s demands. For months, Powell has largely ignored President Donald Trump’s constant hectoring that he reduce borrowing costs. Yet on Friday, …

Key takeaways: Bitcoin surged 5% to $117,300 after Federal Reserve Chair Jerome Powell hinted at an upcoming interest rate cut, liquidating $379.88 million in shorts. Analysts say the BTC “uptrend is back,” with the potential to hit $200,000 before the end of the year. Bitcoin (BTC) took out the ask liquidity above $117,000 on Friday after Federal Reserve Chair Jerome …

The New York Giants made their first wave of cuts on Friday en route to reaching the 53-man roster limit, releasing eight players from their 90-man preseason roster. That leaves the Giants with 83 players, including placekicker Jude McAtamney, who carries an International Exemption. They have 30 moves remaining. Johnson, a former undrafted free agent from Toledo, was impressive during …

The receiver piece of the Giants roster puzzle is starting to fit together. Wideouts Montrell Washington, Zach Pascal and Jordan Bly were three of the first eight players cut Friday as the Giants started to drop from 90 to 53 players. The others were inside linebackers Dyontae Johnson and K.J. Cloyd, offensive linemen Jimmy Morrissey and Jaison Williams, and cornerback …

The US government science programmes face a reckoning under the Trump administration and Nasa has emerged as one of the most prominent casualties. The administration’s proposed budget reductions would slash Nasa’s resources to levels not seen since before the first human spaceflight in 1961. The cuts are the steepest percentage drop in a single year ever proposed for the agency …

Omar Marques | Lightrocket | Getty Images The price of ether smashed through its 2021 record on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. The second-largest cryptocurrency surged 15% late Friday, rising as high as $4,885.00 and surpassing its November 2021 record of $4,866.01. Bitcoin rose 4% to $117,008.29. …

New England Patriots head coach Mike Vrabel looks down during a press conference at Gillette Stadium.(Nick O’Malley, MassLive) The morning after his team’s preseason finale, New England Patriots coach Mike Vrabel announced the first wave of players that have been cut. Vrabel opened up his press conference on Friday by revealing that he and Eliot Wolf had met with the …

MORAN, Wyo.—Federal Reserve Chair Jerome Powell signaled Friday that the central bank could be edging closer to lowering interest rates, even as he warned of the difficult economic backdrop confronting policymakers. Speaking at the Kansas City Fed’s annual Jackson Hole symposium, Powell described an unsettling mix of risks. “In the near term, risks to inflation are tilted to the upside, …

With their preseason finale in the books, the next big step of the offseason for the New England Patriots is trimming down their roster. The team has to get the 90-man roster down to 53 players by the league deadline of Tuesday at 4 p.m. ET. While the bulk of cuts usually come the day of leading up to the …

At Jackson Hole, Cleveland Fed President Beth Hammack made it clear she does not see room for rate cuts right now. “I see an inflation picture that is too high and rising, and moving in the wrong direction,” she said Thursday. For Hammack, the labor market is still “reasonably good,” which in her view removes any urgency to move in …