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  • Dec 16, 2024

Fed sees a glimmer that recent US productivity gains may last

But her next step demonstrated why some Federal Reserve officials see the U.S. job market as not only healthy but perhaps contributing to rising productivity they are coming to believe may persist: Within a week the 33-year-old human resources professional accepted a job as a recruiter with a pool equipment operator that allowed her to work from home in Pennsylvania in her area of expertise - a sweet spot, she feels, for high performance. When Fed policymakers gather this week for their last meeting of the year, the focus will be on an expected quarter-percentage-point interest rate cut and policymakers' updated outlooks for the economy and rate cuts. But influencing those discussions and the longer-term arc of monetary policy is an emerging debate about productivity and how fast output can grow without stretching the economy's capacity and generating inflation above the Fed's 2% target.

  • Dec 16, 2024

Morning Bid: Making bitcoin great - and above $105,000

Bitcoin is back in the headlines today, having vaulted above $105,000 for the first time on record, after a nod from U.S. President-elect Donald Trump to make crypto great again. In an interview on Thursday with CNBC's Jim Cramer, Trump suggested he could go ahead with plans to create a strategic bitcoin reserve, much like the country's strategic oil reserve. "We're gonna do something great with crypto because we don't want China or anybody else - not just China but others are embracing it - and we want to be the head," Trump said.

  • Dec 16, 2024

Here's Why This Bitcoin Rally Is Different

There's no denying that Bitcoin (CRYPTO: BTC) is having a magnificent year in 2024. One key factor behind this year's rally was the launch of the new spot Bitcoin exchange-traded funds (ETFs) in January. The largest spot Bitcoin ETF, the iShares Bitcoin Trust (NASDAQ: IBIT), now has $53 billion in assets under management.

  • Dec 16, 2024

What's ahead for Bitcoin in 2025, according to experts

This year has been nothing short of monumental for the cryptocurrency industry. Bitcoin began the year hovering around $40,000, only to surge past $100,000 in December. The industry shook off the lingering shadows of a prolonged crypto winter, celebrated the landmark approval of a Bitcoin ETF, and found itself increasingly entrenched in the political conversation. In many ways, 2024 marked a turning point, solidifying crypto’s role as a key player in both financial markets and public discourse.

  • Dec 15, 2024

Goldman Sachs Economists See Fed Skipping a Rate Cut in January

(Bloomberg) -- The Federal Reserve is likely to signal a slower future pace of easing when it meets later this week and then skip cutting interest rates in January, according to Goldman Sachs Group Inc. economists. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAmerican Institute of Architects CEO ResignsWhile the US bank sees policymakers still delivering a 25 basis-point

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