Key Points Dogecoin and cryptos across the board are still seeing red. The Federal Reserve's 0.25% rate cut last week was smaller than many investors had hoped. Riskier investments like Dogecoin tend to outperform as interest rates fall. 10 stocks we like better than Dogecoin › Dogecoin (CRYPTO: DOGE) fell on Thursday, down 6.8% as of 5:09 p.m. ET, as measured from 4 p.m. on Wednesday. The move comes as the S&P 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) both lost 0.5%. The ...

Key Points XRP is sliding alongside a broader crypto sell-off. The Federal Reserve's 0.25% rate cut last week was smaller than many investors had hoped. 10 stocks we like better than XRP › XRP (CRYPTO: XRP) fell on Thursday, down 6.8% as of 4:59 p.m. ET, as measured from 4 p.m. on Wednesday. The move comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) both lost 0.5% on the day. The banking-focused crypto is falling along with much of the market as investors await Friday' ...

The board of governors voted 4-1 to lower the overnight interest-rate target to 7.50% from 7.75%. ...

Citadel CEO Ken Griffin expects the U.S. Federal Reserve to cut interest rates one more time this year, he said on Thursday in a CNBC interview. ...

Economic data has been stronger than expected and several voting members of Federal Reserve's interest-rate committee have expressed caution about easing. ...

Market Overview - Bitcoin is currently priced at $111,336, experiencing a decline of 1.8% in the last 24 hours and 5.4% over the past week [1] - There is skepticism among users of Myriad regarding Bitcoin reaching $125,000 soon, with 61% predicting a drop to $105,000 before hitting an all-time high [2] Economic Indicators - The upcoming PCE print is crucial as it serves as the Fed's inflation gauge, with expectations of a year-over-year reading between 2.7% and 2.9% [3] - Economists predict the core personal consumption expenditures will be on the higher end at 2.99% according to estimates from the Federal Reserve Bank of Cleveland [4] Federal Reserve Expectations - Investors currently see an 83.4% chance of the Fed lowering interest rates at the next FOMC meeting, with the likelihood of rates remaining unchanged increasing from 8.1% to 16.6% in the past week [5] - The market anticipates a high inflation number, yet digital assets are under pressure, indicating a potential disconnect [5] Market Sentiment and Liquidations - Recent declines in crypto sentiment and prices have led to significant liquidations, totaling over $442 million, particularly affecting Bitcoin, Ethereum, and Solana [5] - There is a noted selling pressure between $115,000 and $119,000, suggesting profit-taking among traders who believe the bull run may be concluding [6]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Inflationary pressures continue to mount, reemerging as the top concern among economists and market watchers, who place the blame squarely on President Donald Trump’s trade and tariff policies. Inflationary Risks ‘Are Rising’ On Tuesday, The Kobeissi Letter warned in a post on X that “Inflation risks are rising,” noting that “72% of CPI components are now surging faster than the Fed's 2% target,” which it ...

By Sinéad Carew and Marc Jones NEW YORK/ LONDON (Reuters) -MSCI's global equities gauge lost ground while the dollar rose as investors worried that Thursday's surprisingly strong U.S. economic data would make the Federal Reserve more cautious about cutting interest rates. U.S. Treasury yields also rose after the Commerce Department's Bureau of Economic Analysis said the U.S. economy grew faster than previously thought in the second quarter, pumped up by an ebb in imports and a pickup in consumer spending ...

By Stella Qiu SYDNEY (Reuters) -Australian consumer prices rose at the fastest annual pace in a year in August after a hot July, suggesting some upside to inflation that prompted markets to pare back the chances of imminent policy easing. The Australian dollar rose 0.3% to $0.6619, while three-year government bond futures fell 7 ticks to 96.45, the lowest in three weeks. Investors doubled down on bets that the Reserve Bank of Australia will skip a move in interest rates next week given the recent flow o ...

Core Viewpoint - The Federal Reserve has lowered interest rates for the first time in months due to a weakening labor market, despite ongoing inflation concerns [1][2]. Group 1: Interest Rate Changes - The Federal Reserve's policymaking panel voted 11-1 to lower interest rates by a quarter-point, changing the range from 4.25%-4.5% to 4%-4.25% [2][3]. - Investors are anticipating a 91.9% probability that the Fed will further reduce rates by at least a quarter-point to between 3.75% and 4% on October 29 [5]. Group 2: Labor Market Insights - The U.S. labor market is experiencing a "marked slowdown" in both supply and demand, with unemployment rising to 4.3% in August, which was higher than expected [3][6]. - Fed Governor Michelle Bowman expressed concerns that the labor market could enter a "precarious phase," indicating potential for sudden deterioration [3]. Group 3: Inflation Outlook - Powell noted that "near-term risks" to inflation are "tilted to the upside," while uncertainty around inflation remains high [2][3]. - Wall Street anticipates annual inflation to reach 3% in August, a slight increase from July, with headline PCE inflation expected to rise to 2.8% from 2.6% [4]. Group 4: Political Context - The Federal Reserve has faced criticism from President Trump, who has urged for more aggressive rate cuts [6]. - The Fed has planned for up to two additional 25-basis-point reductions by the end of the year, aiming to stabilize inflation around 2% while maintaining full employment [6].