Markets responded sharply to the Federal Reserve’s latest rate cut.
US Seizes Massive Oil Tanker Near VenezuelaThe United States military seized a large oil tanker off the coast of Venezuela on Wednesday, widening Washington’s efforts to pressure Nicolás Maduro’s government.
Fed Steps Down to 3.5%-3.75% as Officials ClashThe Federal Reserve delivered its third consecutive 25-basis-point reduction in December, bringing the federal funds rate down to 3.5%-3.75%, its lowest level since 2022.