6 / 26 Relevant items tagged with #FederalReserve
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Execs at crypto-friendly Evolve Bank leave amid regulatory crackdown: Report
[Aug 21, 2024 7:04 PM] The bank services several crypto-friendly financial technology companies.
Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’
Bitcoin Price Could Surge 200% To Cross $100,000 If This Happens
[Aug 20, 2024 6:30 AM] A crypto analyst has predicted that Bitcoin (BTC), the world’s largest cryptocurrency could see its price surging as high as $100,000, representing a 200% increase from its current value. However, the analyst noted that this bullish projection…
QCP Capital Analyzes Market Sentiment Ahead of Fed Chair’s Speech at Jackson Hole
US mulls applying fiat reporting mandate on crypto transfers
[Aug 19, 2024 8:27 AM] The US Treasury and Federal Reserve plan to redefine “money” used under the Bank Secrecy Act, as they aim to include cryptocurrencies and digital assets in new reporting requirements.
Goldman Sachs lowers US recession risk to 20% — What it means for Bitcoin
[Aug 19, 2024 6:12 AM] Goldman Sach’s economists said the Federal Reserve could also cut rates in September, and analysts say this could be welcomed by Bitcoin traders.
Goldman Sachs Lowers US Recession Risk to 20%
[Aug 18, 2024 10:30 PM] Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the upcoming August jobs report, scheduled for release on September 6, shows…
UBS Urges Caution Despite Positive US Economic Data
[Aug 18, 2024 6:30 PM] UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a…
Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut
[Aug 18, 2024 5:30 PM] Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a…
Robert Kiyosaki Advises Preparing for Crash Landing — Says ‘Time to Save Yourself’
[Aug 17, 2024 11:30 PM] Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them…
Peter Schiff Urges the Fed to Raise Rates and Let Markets Crash
[Aug 17, 2024 10:30 PM] Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause stocks and real estate to…
JPMorgan Prepares Investors for September Rate Cut With Dual Investment Approach
[Aug 17, 2024 8:30 PM] Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the Federal Reserve now likely to cut interest rates in September, the global investment…
Claudia Sahm Warns Fed: Delayed Rate Cuts Could Spur Unnecessary Recession
[Aug 15, 2024 1:05 AM] In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor…
Low CPI print is fodder for Bitcoin to retest all-time highs — Grayscale research head
[Aug 14, 2024 4:38 PM] Bitcoin’s response to the CPI report was surprisingly muted.
CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%
[Aug 14, 2024 1:50 PM] On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME…
Tether crypto exchanges balance hits record high as Treasury prints $1B USDT
[Aug 14, 2024 11:44 AM] If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally.
Arthur Hayes Predicts $100K Bitcoin by Year-End — Expects ‘Glorious’ Crypto Bull Market in 2025 With BTC Reaching $1M
Tyler Winklevoss Warns Operation Chokepoint 2.0 Remains in Full Swing
[Aug 13, 2024 4:30 AM] Tyler Winklevoss, co-founder of U.S.-based exchange Gemini and VC firm Winklevoss Capital, has alerted about the ongoing status of Operation Chokepoint 2.0, a plan directed to difficult banking access to crypto companies. Winklevoss’ remarks…
Why Bitcoin is still poised to break $74K before end of year
[Aug 12, 2024 11:20 AM] Bitcoin’s correction appears to be losing steam, as indicated by price momentum divergence, the formation of a Doji candlestick and other bullish patterns.
Bitcoin Death Cross Threatens To Trigger Crash If Price Does Not Hold $62,000
[Aug 11, 2024 4:00 AM] Crypto analyst Benjamin Cowen recently discussed the impact of the death cross indicator, which has appeared again on Bitcoin’s chart. Thanks to this indicator, the $62,000 price level has become crucial to Bitcoin avoiding another price crash…
Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases Forecast
[Aug 10, 2024 11:30 PM] JPMorgan Chase CEO Jamie Dimon reiterated his belief that a recession remains the most likely outcome for the U.S. economy. Dimon pointed to various uncertainties such as geopolitics, housing, and spending. Meanwhile, JPMorgan has raised the…
Harris campaign’s crypto ‘reset’ questioned amid Fed crackdown
[Aug 10, 2024 10:42 AM] Critics argue that the US Federal Reserve’s actions are a significant overreach and could stifle innovation in the cryptocurrency sector.
MiCA regulation poses ‘systemic risk’ to banking system, says Tether CEO
[Aug 9, 2024 5:00 PM] According to Tether CEO Paolo Ardoino, recently approved MiCA regulations threaten both banks and stablecoin issuers.
Trump Suggests Presidents Should Weigh in on Fed Policies, Jabs at Powell’s Interest Rate Timing
[Aug 9, 2024 12:30 PM] On Thursday, at a press conference held at Mar-a-Lago, former President Donald Trump shared his thoughts with reporters, stating that the sitting president should have a voice in the U.S. Federal Reserve’s monetary policies. Trump targeted…
Federal Reserve Cracks Down on Customers Bank’s Crypto Strategy
[Aug 9, 2024 9:25 AM] The U.S. Federal Reserve has taken decisive action against Customers Bank, highlighting significant compliance deficiencies in its digital asset strategy and instant payments network. The enforcement action mandates the bank to bolster its…
Federal Reserve Cites Significant Deficiencies in Customers Bancorp’s AML Compliance
Customers Bank to strengthen AML compliance after Fed scrutiny
[Aug 8, 2024 8:28 PM] The crypto-friendly bank’s activities during the 2023 banking crisis will also be examined.
Crypto-Friendly Bank Ordered by Fed to Limit Risks From Digital Asset Clients
[Aug 8, 2024 5:03 PM] Customers Bank, which has done business with several of the most prominent crypto firms, has been called out by the U.S. Federal Reserve for inadequately policing illicit activity, particularly with digital asset clients.
Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September
[Aug 8, 2024 8:30 AM] Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,”…