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BTC/USD: Rising Wedge Points to a Pullback
Bitcoin price was little changed on Thursday morning, hours after the Federal Reserve slashed interest rates as most analysts were expecting. The BTC/USD pair was trading at 116,000, where it has been at in the past few days. Bitcoin Wavers After the Fed Cut The BTC/USD pair remained unchanged even after the Fed slashed rates for the first time this year. In a statement, Jerome Powell, the Fed Chair, noted that the labor market was no longer solid, citing the recent economic numbers, which showed that the country created just 22,000 jobs in August. At the same time, the closely-watched dot plot hinted that officials ... (full story)
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From breakingthenews.net|Sep 18, 2025|7 commentsChina's Ministry of Commerce (MOFCOM) spokesperson said on Thursday that Beijing is optimistic that the European Union will not misuse tariffs in order to "protect" its products. ...
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From bbc.com|Sep 18, 2025Interest rates are widely expected to be held at 4% when policymakers at the Bank of England meet on Thursday. The Bank rate, which heavily influences borrowing costs and savings ...
From cnbc.com|Sep 18, 2025It’s getting harder to find work in the United States. U.S. businesses added just 22,000 jobs from July to August, according to the Bureau of Labor Statistics, and massive ...
From bankofengland.co.uk|Sep 18, 2025|14 commentsThe Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term and forward-looking approach to determine the monetary stance required to achieve the inflation target sustainably. At its meeting ending on 17 September 2025, the MPC voted by a majority of 7–2 to maintain Bank Rate at 4%. Two members voted to reduce Bank Rate by 0.25 percentage points, to 3.75%. The Committee voted by a majority of 7–2 to reduce the stock of UK government bond purchases held for monetary policy purposes, and financed by the issuance of central bank reserves, by £70 billion over the next 12 months, to a total of £488 billion. There has been substantial disinflation over the past two and a half years, following previous external shocks, supported by the restrictive stance of monetary policy. That progress has allowed for reductions in Bank Rate over the past year. The Committee remains focused on squeezing out any existing or emerging persistent inflationary pressures, to return inflation sustainably to its 2% target in the medium term. BoE policymakers Dhingra and Taylor voted to cut rates by 0.25% *BOE LEAVES KEY RATE AT 4%; EST. 4.000% *BOE SLOWS PACE OF QUANTITATIVE TIGHTENING TO £70B; EST. £70B *BOE'S BAILEY: RATE CUTS NEED TO BE MADE 'GRADUALLY & CAREFULLY'
Bank holds base interest rate at 4% The Bank of England has voted to maintain the base interest rate at 4%, despite some signs the housing market is slowing down. Members of the Bank’s Monetary Policy Committee (MPC) and Governor Andrew Bailey (main picture) voted 7-2 for a hold. The Office for National Statistics released figures yesterday showing a 2.8% increase in house price growth in the year to July, down from 3.6% the previous month. And this decision to hold the rate is despite a stubborn inflation figure, which remained static at 3.8% yesterday, well above the Bank’s 2% target. There will be another Bank interest rate decision on 6 November, before the Budget on 26 November.
