Federal Reserve officials have voted to cut interest rates by 25 basis points at their December FOMC meeting on Wednesday, lowering rates to a range of 3.5 to 3.75%. This marks the third and final rate cut of 2025.

Fed Chair Jerome Powell, speaking at a press conference after the December FOMC meeting, said the central bank is holding interest rates steady until it gets more clarity on the economy.

The Federal Reserve is set to announce its latest adjustment of interest rates on Wednesday, potentially slashing borrowing costs for the third time this year in an effort to boost sluggish hiring. Top officials at the Federal Reserve have displayed a rare ...

Bitcoin BTC $90,314.28 rose Monday, supposedly in anticipation of a Federal Reserve interest-rate cut this week, although a continued rally in Treasury yields signaled caution. The Fed is expected to cut the target interest rate by 25 basis points to the 3.

Gold prices were little changed during Asian trading on Tuesday, with investors adopting a cautious stance ahead of this week’s Federal Reserve meeting, where another interest rate cut is widely expected.

Bitcoin failed to build on recent gains on Monday, as investors awaited the Federal Reserve’s decision on interest rates.

The chances of the Fed delivering another interest rate cut tomorrow are 90%, according to bets tracked by the CME FedWatch Fed funds futures index. But Wall Street has already priced that in. The S&P 500 ticked down 0.