US Federal Reserve

Gold breaks US$4,400 for first time on Fed rate-cut bets, silver hits new record high

Precious metals are capping a historic year, with gold and silver both heading for their strongest annual gains since 1979.

Trump says next Fed chair will believe in lower interest rates ‘by a lot’

US President Donald Trump has repeatedly expressed a desire for lower mortgage rates, but the interest rate the Fed controls has only limited effect on longer-term borrowing costs.

Fed chief contender Hassett says Trump can offer central bank advice but won’t set its action

US White House economic adviser Kevin Hassett sought to suggest that US President Donald Trump is one of many experts that can fairly be consulted, even if he ultimately offers only advice.

Trump names Warsh, Hassett as top Fed contenders, WSJ says

Mr Kevin Warsh (left), a former Fed governor, has climbed up the list of contenders to challenge Mr Kevin Hassett, whom many had seen as the frontrunner for the job.

Indexes close higher after Fed cuts interest rates

A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange, in New York City, on Dec 10.

While You Were Sleeping: 5 stories you might have missed, Dec 11, 2025

(From left) Ukrainian President Volodymyr Zelensky, British Prime Minister Keir Starmer, German Chancellor Friedrich Merz and French President Emmanuel Macron after a Dec 8 meeting of the Coalition of the Willing in London.

Divided US Fed makes third rate cut in 2025, sees just one reduction in 2026

US Federal Reserve chairman Jerome Powell delivering a press briefing after the US Federal Reserve cut interest rates on Dec 10.

Trump says he will make Fed chief announcement in early 2026

US President Donald Trump speaking during a Cabinet meeting at the White House on Dec 2.

Bitcoin plunges to below US$87,000 in risk-off start to December

Bitcoin slid as much as 4.3 per cent to below US$88,000 in early Asia trading, while Ether dropped 6 per cent to below US$2,900.

Fed sees widening gap between rich and poor households; JPMorgan expects December rate cut

Fed policymakers have been divided over whether to hold or lower interest rates at their next meeting in December.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2025 SPH Media Limited. All rights reserved.