By Richard Cowan, Bo Erickson, Andy Sullivan and Katharine Jackson WASHINGTON () - President-elect Donald Trump Wednesday disrupted bipartisan efforts to avert a government shutdown as he pressured his fellow Republicans in Congress to reject a stopgap bill to keep the government funded past the end of the week. Trump instead urged Congress to pass

By Rae Wee SINGAPORE () - The dollar flirted with a two-year peak on Thursday after the Federal Reserve signalled a slower pace of rate cuts in 2025, while the yen slid to a one-month low ahead of a policy decision by the Bank of Japan (BOJ) later in the day. The hawkish tilt from

Investing.com-- Morgan Stanley (NYSE:) expects the Federal Reserve to cut interest rates by a smaller margin in the coming year, with the central bank also expected to delay future cuts amid concerns over sticky inflation. Morgan Stanely analysts said they no longer expect a 25 basis point cut in January 2025, and that the Fed

By Jamie McGeever () - A look at the day ahead in Asian markets.  The Federal Reserve has spoken, and as far as investors are concerned, the message was clear - clearly hawkish. Now it's over to the Bank of Japan and Bank of England, the two biggest and most important of the clutch of

() -U.S. stocks plunged on Wednesday after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank's economic projections signaled a slower pace of cuts next year. According to preliminary data, the lost 2.96%, while the lost 3.62% and the fell or 2.61%. The Dow suffered its 10th

By Michael S. Derby () - The Federal Reserve adjusted a key part of its rate control toolkit on Wednesday, lowering the rate it offers on its reverse repo facility by more than it cut the federal funds rate. The Fed said that the reverse repo rate will now stand at 4.25% from its prior

Investing.com -- The Federal Reserve cut interest rates by 25 basis points on Wednesday, but halved the number of rate cuts expected for next year as the battle to bring inflation down toward the central bank's target is now expected to take longer than previously expected.            The Federal Open Market Committee, the FOMC, cut its

WASHINGTON () - Top Republicans and Democrats in the U.S. Congress have crafted temporary spending legislation to keep federal agencies funded through March 14, which would avert a partial government shutdown that would otherwise begin on Saturday. The 1,547-page bill also contains a wide range of other provisions that have nothing to do with government

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By Andrew Chung () -The U.S. Supreme Court agreed on Wednesday to hear South Carolina's bid to cut off public funding to Planned Parenthood in a case that could bolster efforts by conservative-leaning states to deprive the reproductive healthcare and abortion provider of government money. The justices took up South Carolina's appeal of a lower