ADVFN US – Market Content Editor

Interest rate cuts may impact Treasury bonds and stablecoins The Federal Reserve cut interest rates by half a percentage point, the first reduction since the onset of the pandemic, aiming to prevent a slowdown in the labor market. With inflation decreasing, the committee projects further cuts until 2025. Despite a growing GDP, concerns about employment…

A report released by the Commerce Department on Wednesday showed a substantial rebound by new residential construction in the U.S. in the month of August. The Commerce Department said housing starts spiked by 9.6 percent to an annual rate of 1.356 million in August after plunging by 3.9 percent to a revised rate of 1.237…

The major U.S. index futures are currently pointing to a modestly higher open on Wednesday, with stocks likely to move to the upside after ending the previous session little changed. Traders may be reluctant to make significant moves early in the session ahead of the Federal Reserve’s monetary policy decision this afternoon. The Fed is…

U.S. index futures showed modest fluctuations in premarket trading this Wednesday as Wall Street gears up for a highly anticipated rate cut by the Federal Reserve. CME Group’s FedWatch tool shows traders pricing in a 63% chance of a 50-basis-point cut and 37% odds of a 25-basis-point move. At 5:36 AM ET, Dow Jones futures…

Circle expands USDC in Brazil and Mexico with local banking integrations Circle has connected its stablecoin USDC (COIN:USDCUSD) to payment systems in Brazil and Mexico, enabling corporate access via local bank integrations. In Brazil, USDC is accessible through PIX, and in Mexico, via SPEI. This expansion comes as Circle plans to bring USDC to the…

Retail sales in the U.S. unexpectedly crept higher in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said retail sales inched up by 0.1 percent in August after surging by an upwardly revised 1.1 percent in July. The uptick surprised economists, who had expected retail…

The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move to the upside following the mixed performance seen in the previous session. Stocks are likely to benefit from optimism about the outlook for interest rates ahead of the Federal Reserve’s monetary policy announcement on Wednesday. While…

Investors are eagerly awaiting retail sales data and the Federal Reserve meeting. Expectations for rate cuts remain divided between 25 and 50 basis points, with potential impacts on economic growth and inflation being closely watched. The 10-year Treasury yield stood at 3.614% in Tuesday’s premarket. In commodities, oil prices slightly dipped as investors assessed U.S.…