Major U.S. stock averages closed off session lows Wednesday, as investors heard Federal Reserve Chairman Jerome Powell indicate that largely solid U.S. economic conditions do not warrant continuing on an aggressive pace of rate cuts.

Bitcoin (CRYPTO: BTC) may have found a new friend in town, as Fed Chair Jerome Powell took a surprisingly open stance on crypto assets during his Wednesday press conference. Powell indicated that banks can serve crypto customers as long as they understand and manage the risks,

Dow Jones stocks edged higher in the stock market today as investors awaited Powell's remarks and earnings from three tech titans.

Federal Reserve Chair Jerome Powell on Wednesday said asset prices appear "elevated by many metrics right now," driven in part by "this thing around tech and AI." In his news conference following the Fed's policy decision,

Federal Reserve Chair Jerome Powell told reporters that bank reserves appear to remain abundant, leaving room for the central bank to continue shrinking its balance sheet, a process widely known as quantitative tightening,

After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and rising inflation risks. Jerome H. Powell, the Fed chair, said the central bank was not on a “pre-set course.

BT full-fibre rollout continues progress, handset sales fall 07:48 , Graeme Evans BT Group today said the roll out of full fibre broadband passed more than one million premises for the fourth consecutive quarter.

The US Federal Reserve decided to hold its key interest rate steady on Wednesday (January 29), maintaining it in the range of 4.25%-4.5%. The decision by the central bank’s Federal Open Market Committee (FOMC) came as anticipated,