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The digital currency hovered around $70,000 most of the week. But it had a tumultuous weekend, falling below $62,000 Saturday before heading back toward $65,000 Sunday morning.

Large American banks reported solid earnings Friday behind still-high interest rates while offering varying views on the likelihood the United States can avoid a near-term recession.

Former US Fed boss Ben Bernanke criticises failure to admit mistakes and change course

Here's what could happen to interest rates next.

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.74%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.65%. Stock indexes Thursday finished mostly higher, with the Nasdaq 100 posting a 1-week high....

Federal Reserve expected to cut interest rates twice in 2024 due to higher inflation, particularly in auto-related costs.

The dollar index (DXY00 ) on Thursday climbed to a 4-3/4 month high and slightly higher. Higher T-note yields Thursday supported the dollar after the 10-year T-note yield rose to a 4-3/4 month high. Also, Thursday’s US weekly initial unemployment claims report fell more than expected to a 5-week low,...

The recent uptick in US inflation has weakened the case for the Federal Reserve to start cutting interest rates, a senior Fed policymaker told AFP on Thursday.