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Divided Fed approves third rate cut this year, sees slower pace ahead

The Federal Reserve on Wednesday made its final final interest rate move of the year.

Here's what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in October.

Fed still forecasts just one rate cut for next year

The central bank's so-called dot plot indicates a median estimate of 3.4% for the federal funds rate at the end of 2026.

Trump to start final Fed chair interviews beginning with Kevin Warsh

President Donald Trump will begin the final interviews of candidates for the Federal Reserve chair this week, putting back on track the formal selection process that began this summer.

IMF's Georgieva urges China to speed up 'long-overdue' shift away from relying on exports for growth, so as 'not to provoke' other countries

IMF Managing Director Kristalina Georgieva said such a move was needed "so as not to provoke other countries to take measures to curb down Chinese exports."

Supply chain diversification away from China is progressing from talks to action, EU chamber says

European Union Chamber of Commerce President Jens Eskelund expects more efforts to reduce reliance on China's supply chain.

The Fed decision is expected to feature a rate cut and a lot more. Here's what to expect

The central bank is poised to deliver its third straight interest rate cut Wednesday, while firing a warning shot about what's ahead.

There's no Dow or S&P 500 for cryptocurrencies yet. Bitwise is getting a step closer with new ETF

The move comes despite a series of recent pullbacks in the crypto market that saw bitcoin trade at around $85,000 earlier this month.

Fifth Third signs deal making fintech firm Brex the provider of its commercial cards

The move shows how some banks are choosing to partner with fintech firms rather than building their own platforms to keep up with evolving tech expectations.

Trump's pivot on Nvidia chips gives China a leg up over the U.S. in AI race, analysts say

In the hours after U.S. President Donald Trump said Nvidia can sell a more advanced chip to China, several analysts said the move would give Beijing

Is bitcoin really digital gold? In 2025, the leading crypto has failed to answer that question

Bitcoin's big drop from a record price has led to questions about crypto's correlation to the broader market, and what it really represents in a portfolio.

London's answer to Wall Street gains momentum as major firms sign on

HSBC, BBVA, Barclays, Citibank and others have also recommitted to Canary Wharf in 2025.
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