The confrontation comes as Trump seeks to reshape the Fed to be more amenable to his demands to lower interest rates. Here's what to know https://t.co/oDO9o8adzW ...

You do get a snap back in jobless claims after the big rise last week, we fall back to 231,000. That's below the estimate. Last week was revised up by a thousand, so it was to 64.But remember, this was all in theory because of fraud in Texas. Texas officials say there were a whole lot of illegal filings the week before, and that looks like it is the case. The ongoing claims number is 1,920,000.That falls from 1,000,009 27. So the jobless claims numbers improved. Take a little bit of that edge off in terms o ...

Hassett offers an endorsement of the Fed’s decision to cut interest rates by 25 basis points, even after Trump and his allies had pressed for a bigger reduction https://t.co/8Xs9silHQJ ...

Core Viewpoint - The Federal Reserve's decision to cut its key borrowing rate by a quarter percentage point is viewed positively by the White House, indicating a cautious approach to monetary policy [1][2]. Group 1: Federal Reserve's Rate Decision - National Economic Council Director Kevin Hassett mentioned that the administration and new Fed Governor Stephen Miran advocated for a larger reduction, specifically a half-point cut, but the Federal Open Market Committee voted 11 to 1 against it [2]. - Hassett expressed that a 25 basis point cut was a broad consensus and a good initial step towards lower rates, despite Miran's preference for a more aggressive approach [3]. - President Trump has previously criticized the Fed and suggested that the benchmark federal funds rate should be 3 percentage points lower than current levels, which is not aligned with the FOMC's future policy projections [4]. Group 2: Economic Context - Despite strong economic growth above 3% in the third quarter, which typically would not support lower interest rates, Trump argues that cuts are necessary to aid the struggling U.S. housing market and manage financing costs for the nation's $37 trillion debt [5]. - Hassett emphasized the importance of assessing economic variables and making incremental reductions, suggesting that the Fed's cautious approach is appropriate given the current economic conditions [6]. - The Fed's decision reflects a balance between various economic models and opinions, with Hassett describing it as a prudent call in light of decelerating inflation that remains above the target [7].

Has the Federal Reserve just fired the starting gun for the next major leg up in the crypto market. Uh, with one single decision, they may have unlocked a wave of liquidity that could send Bitcoin to prices that seemed unimaginable just a few months ago. But what if I also told you that buried deep within that same decision are the seeds of a potential market crash.a scenario that could invalidate the entire bullc case and send risk assets spiraling. My name is Nick and if you hold crypto, you can't miss th ...

Federal Reserve Policy & Interest Rates - The Federal Reserve cut interest rates by 0.25 percentage points, a decision characterized as "risk management" [1] - The vote for the rate cut was 11 to 1, with one Fed Governor voting for a 0.5 percentage point reduction [1] - The Fed is signaling the possibility of two more rate cuts before the end of the year [2] - The concept of a "risk management cut" suggests the balance of risk has shifted towards weakness in the labor market [7] Economic Outlook & Risks - The economy faces two-sided risk, with a weak labor market and high inflation, creating a difficult situation for policymakers [2][6] - Inflation remains high, potentially increasing gradually, while the labor market shows some weaknesses [5] - Recent retail sales data surprised on the upside, indicating some remaining strength in the economy [13] - The economy is more complicated than headlines suggest, with consumption largely driven by wealthier Americans [16][17] Housing Market - The US is estimated to be 2 to 3 million houses short of the required amount, making it a complex supply and demand story [16] - A 0.25 percentage point rate reduction is not expected to dramatically change the housing outlook [16]

Monetary Policy - The Federal Reserve lowered interest rates by 25 basis points (0.25%) on Sept 17 [1] - The rate cut was described as "risk management" due to weaker job growth and persistent goods inflation [1] Market Reaction - Crypto markets barely moved after the rate cut, as it had already been priced in [1] - $BTC traded between $115,000 and $116,000 before the rate cut [1]

Core Viewpoint - The U.S. Federal Reserve cut the federal funds rate by 25 basis points, marking its first interest rate cut of 2025, but this move did not significantly impact the cryptocurrency market, which had anticipated a deeper reduction [1][2][7]. Market Reaction - The Federal Open Market Committee's decision to lower rates to the lowest level this year had minimal effect on digital assets, as the market had already priced in these expectations [2][8]. - Bitcoin experienced a brief increase from $114,794 to $117,198 but ultimately closed lower within 24 hours [2]. - Ethereum followed a similar trend, rising from $4,429 to $4,586 before retreating, remaining approximately 8% below its all-time high of $4,923 [3]. Liquidation Events - The lack of sustained upward movement in the cryptocurrency market led to significant liquidations, with around $400 million in long and short positions being wiped out within 24 hours post-announcement, affecting over 110,000 traders [3][8]. Future Rate Cut Expectations - Fed Chair Jerome Powell indicated the possibility of at least two more rate cuts later in the year, contingent on economic conditions [4][8]. - Futures markets adjusted to reflect expectations of two to three additional cuts before the end of 2025 [4]. Political Pressure - President Donald Trump reiterated calls for more aggressive rate cuts, despite dissent from one of his appointees to the Fed, Stephen Miran, who favored a deeper cut [5]. Market Sentiment - Analysts noted that the muted response in digital assets suggests a "sell the news" environment, but long-term sentiment remains optimistic, with expectations of increased liquidity benefiting Bitcoin and altcoins [8].

Group 1 - The Federal Reserve (Fed) successfully managed to achieve consensus on a rate cut, which is generally positive for bonds, stocks, and the economy [2][3] - There is uncertainty regarding future rate cuts, with some members of the Fed indicating no further cuts this year, which may create volatility in the markets [4][5] - The upcoming changes in the Fed's personnel and structure may complicate the outlook for monetary policy in the next year [5] Group 2 - The Bank of England's focus is shifting towards managing bond supply and inflation concerns, which are affecting long-term yields in global bond markets [7] - Jobless claims data has been unreliable, raising questions about the true state of the labor market and its implications for the Fed's decisions [9][10] - The market's attention may pivot back to inflation unless there are significantly negative job data, indicating a cautious approach to economic outlook [10]

The dovish Fed rate cut has bolstered the bullish outlook for major tokens, including $BTC, according to analysts. But the resilience in the dollar index suggests otherwise. by @godbole17.https://t.co/t0oGQSYuvR ...