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  • Jan 09, 2025

Fed's Schmid says central bank 'near' neutral interest rate level

Kansas City Federal Reserve President Jeff Schmid signaled on Thursday a reluctance to cut interest rates again as the U.S. central bank comes into the new year facing a resilient economy and inflation that remains above its 2% target. "We are currently pretty close to meeting our dual mandate of price stability and full employment" and, "with inflation close to target and growth showing continued momentum, I believe we are near the point where the economy needs neither restriction nor support and that policy should be neutral," Schmid said in the text of a speech to be delivered before the Economic Club of Kansas City. In the current environment, "interest rates might be very close to their longer-run level now," Schmid said.

  • Jan 09, 2025

Financial advisors are recommending crypto more than ever, survey says

Cryptocurrency has been steadily gaining mainstream acceptance, and the support it received from President-elect Donald Trump during the 2024 election helped solidify its status as a household name in the United States. A new survey suggests that its growing popularity is driving a significant shift among financial advisors, and they are expected to show a greater willingness to invest in crypto in 2025—a transformation that seemed almost unimaginable just a few years ago.

  • Jan 09, 2025

Fed’s Barkin Says Term Premium Moving Long Rates, Not Inflation

(Bloomberg) -- The recent rise in long-term interest rates reflects higher risk premiums as opposed to concerns about inflation, Federal Reserve Bank of Richmond President Thomas Barkin said.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeAmbitious High-Speed Rail Plans Advance in the Baltic RegionDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’“Th

  • Jan 09, 2025

How To Earn $500 A Month From Synovus Financial Stock Ahead Of Q4 Earnings

Synovus Financial Corp. (NYSE:SNV) will release its fourth-quarter financial results, after the closing bell, on Wednesday, Jan. 15, 2025. Analysts expect the New York-based company to report quarterly earnings at $1.22 per share, up from 84 cents per share in the year-ago period. Synovus Financial projects quarterly revenue of $19.43 billion, compared to $17.44 billion a year earlier, according to data from Benzinga Pro. On Monday, Barclays upgraded the stock from Equal-Weight to Overweight and

  • Jan 09, 2025

UN predicts world economic growth to remain at 2.8% in 2025

Global economic growth is projected to remain at 2.8% in 2025, unchanged from 2024, held back by the top two economies, the U.S. and China, according to a United Nations report released on Thursday. The World Economic Situation and Prospects report said that "positive but somewhat slower growth forecasts for China and the United States" will be complemented by modest recoveries in the European Union, Japan, and Britain and robust performance in some large developing economies, notably India and Indonesia. "Despite continued expansion, the global economy is projected to grow at a slower pace than the 2010–2019 (pre-pandemic) average of 3.2%," according to the report by the U.N. Department of Economic and Social Affairs.

  • Jan 09, 2025

Why Dogecoin Is Falling Today

Dogecoin (CRYPTO: DOGE) is falling in Thursday's trading. The cryptocurrency's token price was down 3.9% over the previous 24 hours, as of 10:15 a.m. ET. Dogecoin is losing ground today in conjunction with rising macroeconomic risk indicators.

  • Jan 09, 2025

UK’s Market Woes Shift to Pound With Currency at One-Year Low

(Bloomberg) -- As broad selling took hold in UK markets for a fourth day, focus turned to the pound after it fell to the lowest level in over a year.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Concern that the Labour government will struggle to keep t

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