Fed Cuts Rates by 0.25 Point and Opens Door to More Easing
The Federal Reserve has lowered its benchmark interest rate by 0.25 percentage point and indicated it is ready to reduce rates further if economic conditions deteriorate, while inflation remains above its 2% target. The move marks another step away from the aggressive tightening of recent years and toward a more balanced stance between inflation risks and a cooling labor market.
The Key Decision
The Federal Open Market Committee…
Harvard University Significantly Increases Stake in BlackRock’s Spot Bitcoin ETF to $443 Million
Quick Take
Harvard Management Company held 6,813,612 shares of BlackRock’s IBIT worth $442.8 million as of Sept. 30, 2025.
This represents a 257% increase from 1.9 million shares valued at approximately $116 million in Q2.
IBIT became Harvard’s largest disclosed U.S. equity position, surpassing stakes in tech giants like Microsoft and Amazon.
The university also nearly doubled its gold ETF holdings to $235 million.
Harv…