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Federal Reserve · WashingtonThe Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11 to 1 vote that signaled less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4%-4.25%.See the Story
Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
51% Center coverage: 366 sources

Jerome Powell · United StatesWelcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Fed cuts rates as threats to job market rise The Federal Reserve cut interest rates Wednesday for the first time this year as the central bank attempts to ease pressure on the weakening U.S. job market.…See the Story
Fed Cuts Rates as Job Gains Plunge
57% Center coverage: 77 sources

SEC · United StatesThe post XRP, SHIB, HBAR Among 15 Cryptos Set for Faster ETF Approval Under SEC’s New Rule appeared on BitcoinEthereumNews.com. XRP, SHIB, and HBAR among 15 crypto assets eligible for faster ETF approval under SEC’s new rule, reducing approval time to 75 days. The U.S. Securities and Exchange Commission (SEC) has introduced a new rule that accelerates the approval process for crypto ETFs. With this rule in place, XRP, Shiba Inu (SHIB), and He…See the Story