Bitcoin (CRYPTO: BTC) is trading around $113,000 ahead of Wednesday’s Federal Reserve meeting, with traders watching whether the Fed's stance on quantitative tightening (QT) or rate cuts will shape the next leg of the crypto rally. What Happened: In his latest podcast, analyst Benjamin Cowen said the Fed's QT decision could have a far greater impact on Bitcoin than the...

(Reuters) -The interest rate on the most popular U.S. home loan dropped last week to a 13-month low after a key reading of inflation came in lower than expected, cementing expectations for another Federal Reserve interest-rate cut. The Mortgage Bankers Association said on Wednesday the contract rate on a 30-year, fixed-rate mortgage dropped 7 basis points to 6.30% in the...

07:42 AM EDT, 10/29/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Wednesday as markets focus their attention on the Federal Open Market Committee's post-meeting statement at 2:00 pm ET and Federal Reserve Chairman Jerome Powell's press conference at 2:30 pm ET. There is a 99.9% chance of 25 basis point interest rate reduction being...

(Reuters) -Caterpillar ( CAT ) reported a lower third-quarter profit on Wednesday, hit by weak construction activity in the U.S. and tariffs imposed by the Trump administration. The company, seen as a bellwether for the global industrial economy, reported an adjusted per share profit of $4.95, down from $5.17 a year earlier. (Reporting by Nandan Mandayam and Nathan Gomes in Bengaluru;...