central bank

Crypto is a form of digital money that uses secure technology to work, without the need for a central bank.

But the younger Bawumia had forged a career in economics and banking - serving as the deputy governor of Ghana's central bank.

The latest figures added to speculation that the US central bank might not lower rates as much as had been expected in the months ahead.

But investors also see a risk that lower taxes, less immigration and new trade barriers could keep pressure on inflation, making the US central bank more reluctant to cut interest rates.

It comes on the heels of a half-point cut in September when the central bank pivoted to loosen monetary policy after holding rates at a two-decade high to throttle back inflation.