The Federal Reserve now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy, according to Bank of America chief Brian Moynihan. "They've got a new administration with a new set of fiscal policies,

Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of growing political and legal pressure.

Bank of America (BofA) has revised its forecast, stating the Federal Reserves rate-cutting cycle has concluded. This shift follows a stronger-than-expected December jobs report, which revealed a substantial

Related: Fed members reset interest rate cut forecasts for 2025 The Fed helps manage the economy by influencing borrowing costs, adjusting overnight interest rates in an effort to maintain those goals of price stability and low joblessness.

Wall Street’s largest banks are poised to report their highest fourth-quarter trading revenue in five years, as November’s election and global uncertainty sparked market moves that boosted profits. According to a Bloomberg report issued this week,

The December jobs report surprised markets, leading to Wall Street banks abandoning rate cut predictions. A strong labor market may bring back interest rate hikes.

The Federal Reserve’s recent moves and Bank of America’s cautious outlook for 2025 have created an interesting setup for investors who rely on dividends. After cutting rates three times in 2024, the Fed may take a more conservative approach in the new year.

Elon Musk's DOGE is taking aim at the U.S. penny, pointing out that it costs more to manufacture than it's worth.

President Donald Trump started his second administration with a blitz of policy actions to reorient the U.S. government.

The U.S. bond market since December has been dialing back expectations for Federal Reserve interest rate cuts, as the above chart shows. Similarly, rates investors "do not expect a large shift in policy guidance" at next week's Fed policy meeting,

President Donald Trump began his second administration with a blitz of policy actions to reorient U.S. government priorities.

At the World Economic Forum in Davos, industry leaders debated Bitcoin’s role as a reserve asset, the memecoin frenzy and crypto’s future amid Trump’s return to the Oval Office.