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Bitcoin slides to two-month low as Fed signals it's not ready to cut rates yet
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The Wall Street Journal - World
Fed Officials Signaled No Hurry to Cut Rates
The minutes of their last meeting suggested some are on alert for signs of labor-market deteriorationFederal Reserve -
CNBC - Business
Fed says it's not ready to cut rates until 'greater confidence' inflation is moving to 2% goal
The Federal Reserve on Wednesday released minutes from its June 11-12 meeting.Federal Reserve -
MarketWatch - Business
Fed minutes show no consensus on how many months of good inflation data needed to start cutting interest rates
Several officials said that interest-rate hikes might be needed if inflation stays at its elevated level or increases further.Federal Reserve -
CBS News - Top stories
June jobs report signal possible interest rate cut later this year
The U.S. added 206,000 jobs in June and the unemployment rate rose to 4.1%, according to new data from the Labor Department's Bureau of Labor Statistics. CBS News senior business and technology correspondent Jo Ling Kent breaks down the numbers ... -
MarketWatch - Business
Bitcoin may head towards $50,000 as Mt. Gox prepares crypto repayment
Bitcoin on Friday plunged to the lowest level in over four months.Crypto -
The Wall Street Journal - World
Dollar Could Fall if Rate Cut Bets Rise
The dollar looks set to fall heading into next year as recent softer U.S. economic data could bolster market expectations for interest rate cuts by the Federal Reserve, MUFG Bank said. -
The New York Times - Business
What June Jobs Report Could Mean for Interest Rates
As unemployment ticks up and wage growth cools, Federal Reserve officials are watching for signs that the job market is about to crack. -
MarketWatch - Business
U.S. economy and jobs market are showing cracks. Fed rate cuts are not far off.
Forget the summer heat: The economy appears to have caught enough of a chill that the Federal Reserve is likely to cut interest rates soon.Federal Reserve -
NBC News - Top stories
S&P 500, Nasdaq post record closes Friday as jobs report raises Fed rate cut hopes
The S&P 500 rose to a new high on Friday, posting a record close as the latest jobs report reignited hopes for rate cuts from the Federal Reserve.Federal Reserve
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CNBC - Business
Biden's TV interview fails to quell re-election concerns among lawmakers, donors and strategists
Concerns about President Biden have grown in the days since he delivered a stumbling debate performance against Donald Trump.Joe Biden -
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France's political future hangs in the balance as votes cast in final round of snap election
French voters are heading to the polls on Sunday for the second and final round of voting in a snap parliamentary election. -
CNBC - Business
Southwest Airlines shareholders puzzled by Elliott's activism can look to past campaigns for insight
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CNBC - Business
Tesla shares wipe out loss for the year with 27% rally this week
After a dismal start to 2024, Tesla's stock has rallied sharply of late, including a 27% gain this week, to wipe out its loss for the year. -
CNBC - Business
'A kind of civil war': Divided France on alert for unrest amid political earthquake
For ordinary voters, political polarization in French society is a worrying development that makes them fear for France's future.