Tag: 25-basis-point
Ethereum Crashes Below $3,300 as $1.3 Billion Crypto Sell-Off Intensifies Amid Fed Rate Uncertainty
ETH price plunges to $3,288. 53 (-5. 8%) as Federal Reserve hawkish commentary triggers massive liquidations, pushing Ethereum below critical $3,500 support level in broader market rout. (Read More).
Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session
The S&P 500 and Dow achieved record closing highs Friday, navigating a volatile session amid an ongoing government shutdown. Interest rate-cut expectations strengthened, driven by weak economic data, including contracting services employment. Traders now anticipate a Fed rate cut in October as almost certain, with another probable in December, despite concerns about a prolonged shutdown’s impact.
The New York Times
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