What a Trump, Powell faceoff means for your money

Ahead of the next Federal Reserve meeting later this month, tensions between the White House and the central bank have reached a fever pitch. On Wednesday, a senior White House official told CNBC and other news outlets that President Donald Trump was likely to soon fire Fed Chair Jerome Powell. Trump later denied those reports, although he said he…

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Fed rate decision October 2025

The Federal Reserve on Wednesday approved its second straight interest rate cut, though Chair Jerome Powell rattled markets when he threw doubt on whether another reduction is coming in December. By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. In addition to…

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Nikkei 225, Hang Seng Index, CSI 300

SHANGHAI, CHINA – The German Christmas Market is lit up at the Bund Central Square near Nanjing Road Pedestrian street in Shanghai, December 15, 2022. (Photo credit should read CFOTO/Future Publishing via Getty Images) Future Publishing | Future Publishing | Getty Images Asia-Pacific markets traded mixed Wednesday, with several indexes set to close early in…

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