Specialized search for economics

1+ min ago (346+ words) Federal Reserve (Fed) Bank of Philadelphia President Anna Paulson said that the rate cuts have "taken out some insurance" against job market risks and that the current Fed policy, "somewhat restrictive," should moderate inflation at the Delaware State Chamber of Commerce, in Wilmington, on Friday. Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors. EUR/USD is holding its retreat from 10-week highs'near 1.1750'in the European session on Friday, capped by a modest rebound in the US Dollar.' The potential downside for the pair might be limited amid expectations of divergent Fed-ECB monetary policy outlooks. Fedspeak is awaited,' GBP/USD is keeping its range trade intact below 1.3400 in European trading on Friday. The UK GDP unexpectedly fell by 0.1% in October vs. a 0.1% growth expected, while the Manufacturing Production rose 0.5% over the month'in the same…...

7+ min ago (507+ words) Two Federal Reserve officials who dissented at this week's central bank policy meeting laid out their cases Friday for why they would have preferred to keep rates unchanged in the year's final meeting this week. Chicago Federal Reserve president Austan Goolsbee said Friday that his vote against the Federal Reserve's decision to lower interest rates this week resulted from his preference to wait for more data on inflation before another cut. "Waiting to take this matter up in the new year would not have entailed much additional risk and would have come with the added benefit of updated economic data which have been absent lately," Goolsbee said in a statement. Goolsbee added he remains "optimistic" that rates can come down a "significant amount" over the next year. Kansas City Fed president Jeff Schmid, who dissented for the second policy meeting…...

10+ min ago (214+ words) Our administration is changing that approach," said Bessent, who chairs the committee, which is meeting on Thursday. Bessent said the council will begin to "consider where aspects of the U.S. financial regulatory framework impose undue burdens and where they harm economic growth, thereby undermining financial stability." Voting members of the FSOC committee include the head of the Board of Governors of the Federal Reserve System; the Comptroller of the Currency; the director of the Consumer Financial Protection Bureau; the chairman of the Securities and Exchange Commission and several other agency heads. It was established in 2010 by the Dodd-Frank Wall Street Reform and Consumer Protection Act, a sweeping U.S. financial reform law created to prevent future economic meltdowns. A critic of the Trump administration, Sen. Elizabeth Warren, D-Mass., panned the idea of loosening financial regulations, saying taking this hands-off approach to financial stability…...

10+ min ago (420+ words) December 12, 2025 / 1:30 PM EST / CBS News For buyers considering a $600,000 mortgage, these rate shifts could translate into real monthly savings. But exactly how much relief does the latest rate cut offer to homebuyers who are taking out mortgages in that amount? Below, we'll do the math. See how low your current mortgage rate options are now. Now let's compare those figures to what borrowers faced in January 2025, when 30-year mortgage rates were averaging 7.04% and 15-year mortgage rates were averaging 6.27%, both of which were much higher than today's rates. Back then, monthly payments on that same $600,000 mortgage looked considerably steeper: By securing today's lower rates versus the rates available in January, borrowers would see savings of roughly $415 per month, or nearly $4,974 annually, on a 30-year mortgage loan. Borrowers choosing 15-year mortgages in today's rate landscape would save about $290 each month, which adds…...

11+ min ago (286+ words) EUR/USD is holding its retreat from 10-week highs'near 1.1750'in the European session on Friday, capped by a modest rebound in the US Dollar.' The potential downside for the pair might be limited amid expectations of divergent Fed-ECB monetary policy outlooks. Fedspeak is awaited,' GBP/USD is keeping its range trade intact below 1.3400 in European trading on Friday. The UK GDP unexpectedly fell by 0.1% in October vs. a 0.1% growth expected, while the Manufacturing Production rose 0.5% over the month'in the same period, missing the estimated 1% increase. Mixed UK data have little to no impact on the Pound Sterling.' Gold prolongs its uptrend for the fourth straight day and climbs beyond the $4,300 mark, hitting a fresh high since October 21 during the first half of the European session on Friday. The US Dollar'struggles to attract any meaningful buyers and remains close to a…...

11+ min ago (272+ words) EUR/USD now comes under some mild downside pressure amid modest gains in the US Dollar, revisiting the 1.1720 region, or daily lows, as investors continue to assess the latest interest rate decision by the Federal Reserve, while gearing up for upcoming Fedspeak. Poor results from the UK calendar hurt the British Pound at the end of the week, sparking a correction in GBP/USD to the area below the 1.3400 support, hitting daily lows at the same time. Next of note across the Channel will be the BoE meeting on December 18. Gold prolongs its uptrend for the fourth straight day and climbs beyond the $4,300 mark, hitting a fresh high since October 21 during the first half of the European session on Friday. The US Dollar'struggles to attract any meaningful buyers and remains close to a two-month low, touched on Thursday, amid the…...

16+ min ago (784+ words) V'i c'c t" ch'c t'i ch'nh truy'n th'ng, tr'ng t'm kh'ng n'm " "crypto" m' " hi'u qu" v'n h'nh. Chu'i thanh to'n ng'n h'n, 't b'c "i so't h'n v' th'i gian ho'n t't nhanh h'n c" th" gi'p gi"m chi ph' v' h'n ch" sai s"t. "y l' c'c ch" s' tr'c ti"p t'c "ng t'i bi'n l'i nhu'n. Ch'nh ki"u b'i to'n kinh doanh n'y m'i c" kh" n'ng m" kh"a ng'n s'ch trong TradFi, v'i "i'u ki'n r'i ro "c ch'ng minh l' c" th" ki"m so't. B'i c"nh ph'p l" c'ng "ng vai tr" quan tr'ng. T'i ch'u "u, MiCA "t ra c'c y'u c'u cht ch" h'n "i v'i nh' cung c'p d'ch v" crypto v' b"o v' ng'i ti'u d'ng, buc c'c ng'n h'ng ph"i u ti'n…...

16+ min ago (364+ words) Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Friday that waiting would have provided the benefit of the updated economic data, and most data show stable economic growth, with the labor market only moderately cooling. The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen. Agustin Wazne joined FXStreet as a Junior News Editor, focusing on Commodities and covering Majors. EUR/USD is holding its retreat from 10-week highs'near 1.1750'in the European session on Friday, capped by a modest rebound in the US Dollar.' The potential downside for the pair might be limited amid expectations of divergent Fed-ECB monetary policy outlooks. Fedspeak is awaited,' GBP/USD is keeping its range trade intact below 1.3400 in European trading on Friday. The UK GDP unexpectedly…...

25+ min ago (637+ words) Freedom Holding Corp. is examining the possibility of expanding into the Turkish market, CEO and majority shareholder Timur Turlov announced in Almaty. While no agreements have been finalized yet, the company views Turkey as a strategic addition to its broader regional development plan, especially given the dynamic growth of digital finance and increasing regional interconnectedness. According to Turlov, Freedom has been studying regulatory requirements, competitive dynamics, and potential models of entry, but prefers to avoid premature statements until any deal is officially confirmed. He noted that entering a new jurisdiction requires careful analysis of long-term operational conditions, not just short-term opportunities. "I would not want to spoil the news and announce a deal before it is signed. We have not signed anything so far, but overall we are interested in organic expansion," he said. At the same time, Turlov acknowledged…...

27+ min ago (1439+ words) Bitcoin "ang giao d'ch "i ngang khi b'c v'o m'a Gi'ng sinh 2025, duy tr" trong m't bi'n " r'ng thay v" b't ph' l'n "nh mi. D" li'u ph'i sinh cho th'y funding " "c reset v' d'ng ti'n spot "ang h" nhi't. Tuy nhi'n, x't v' c'u tr'c d'i h"n, tri'n v'ng n'm 2026 v'n nghi'ng v' xu h'ng t'ng, nh" d'ng v'n ETF, t'c "ng tr" c'a halving v' s" quan t'm li'n t'c t" c'c t" ch'c ln. Khi Bitcoin t'ch l'y trong bi'n ", s" ch' " th'ng d'ch chuy'n xu'ng c'c t'i s'n r'i ro h'n. L'ch s" cho th'y, c'c alt coin giai "o"n "u vi v'n h'a nh" th'ng mang l"i m'c li nhu'n phn tr'm cao nh't trong ch'ng "u c'a chu k" mi. "i'u n'y " x'y ra vi l'n s'ng ICO n'm 2017 v' DeFi, NFT…...