Shark Tank investors reveals his Fed rate cut forecast for December.

By Michael S. Derby Dec 3 (Reuters) - The Federal Reserve appears to have finally turned the corner on a three-year-long string of unprecedented loss-making tied to how it has implemented monetary policy in the wake of the COVID-19 pandemic.

Treasury Secretary Scott Bessent, who has been leading the interview process for the next Federal Reserve chair, stopped short on Wednesday of confirming that the job will go to National Economic Council Director Kevin Hassett.

Meanwhile, the Atlanta Fed estimates that GDP growth will hover at 4 percent for the third quarter, higher than the 3.8 percent seen the quarter before. So far, the S&P 500 is up 16.7 percent this year, and one more rally could push the index to its third consecutive 20 percent annual return.

(Corrects paragraph 13 to read 'the dollar dropped 0.13% to 155.69 against the Japanese yen') By Stefano Rebaudo Dec 3 (Reuters) - The dollar headed for its ninth straight decline on Wednesday as traders ramped up bets on Federal Reserve rate cuts following U.

Crypto markets are climbing as traders price in a rare cluster of bullish macro and institutional developments.

Treasury Secretary Scott Bessent on Wednesday said he will push for a new rule that candidates for regional Federal Reserve presidents must have lived in that district for at least three years.

Bond investors have expressed concerns to the U.S. Treasury that Kevin Hassett could aggressively cut interest rates to align with President Donald Trump's preferences, the Financial Times reported on Wednesday,