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  • Dec 02, 2024

Fed's Waller says he is inclined to cut rates in December

Federal Reserve Governor Christopher Waller, whose views are often a bellwether for U.S. monetary policy, said on Monday that with inflation still forecast to fall to 2% he is inclined "at present" to support another interest rate cut later this month. The comments from a key US rate-setter led investors to boost expectations for a rate cut at the Fed's December 17-18 meeting to nearly 75%, and pushed down yields on the two-year Treasury note. "Policy is still restrictive enough that an additional cut at our next meeting will not dramatically change the stance of monetary policy and allow ample scope to later slow the pace of rate cuts, if needed, to maintain progress toward our inflation target," Waller told a central bank symposium organized by the American Institute for Economic Research.

  • Dec 02, 2024

Fed's Williams eyes further cuts as price pressures cool further

Federal Reserve Bank of New York President John Williams said on Monday the U.S. central bank is likely to lower its interest rate target further over time as inflation pressures continue to cool. “Monetary policy remains in restrictive territory to support the sustainable return of inflation to our 2 percent goal,” Williams said in the text of a speech to be delivered before a gathering of the Queens Chamber of Commerce, held in New York.

  • Dec 02, 2024

Stocks Kick Off Final Month of 2024 at Record High: Markets Wrap

(Bloomberg) -- A rally in the world’s largest technology companies drove stocks to fresh all-time highs, with Wall Street traders bracing for a barrage of economic data and remarks from Federal Reserve speakers that will help shape the outlook for interest rates.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThe S&P 500 notched its 54th closing record this year in a “narrow” advance that saw just

  • Dec 02, 2024

Coinbase now lets you buy crypto with Apple Pay in third-party apps

Coinbase announced an integration with Apple Pay on Monday, allowing app makers to build the ability to buy crypto with Apple Pay directly into their apps. The integration is part of Coinbase Onramp, which gives app makers a way for customers to turn their traditional currencies, such as USD, into cryptocurrencies. With the integration of Apple Pay, Coinbase is continuing to push its products toward the average consumer by making crypto purchases more accessible.

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