Interest rate
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Commodities & Energy
Fed Holds Interest Rate Steady at 4.25% to 4.75% for Fifth Time in a Month
The Federal Reserve announced it kept the benchmark rate unchanged, citing persistent inflation concerns. The decision follows four prior meetings where officials maintained this same level.
Economy
US Adds 162,000 Jobs; Bitcoin Drops to $79,500 Before Recovery
The US economy added 162,000 jobs in August, significantly exceeding forecasts and causing Bitcoin to dip from $81,300 to $78,600 before recovering. Divisions over the Federal Reserve's future policy remain unchanged despite the strong labor data.
Markets
US stocks fall 162,000 jobs fuel Fed hike bets
Wall Street declined Friday as the labor department reported adding 162,000 jobs, significantly exceeding expectations. Analysts link this strong data to increased anticipation of a Federal Reserve interest rate hike.
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Business
European Central Bank raises rate to 2.50% as inflation hits 3% by 2026
Markets
ECB to raise regional interest rate to 2.5% on Friday
Central Banks
ECB raises deposit rate to 2.5% as Iran conflict fuels energy prices
Commodities & Energy