9 / 26 Relevant items tagged with #FederalReserve

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China’s Reduced Physical Gold Demand Cools Prices After May Peak

[Jun 14, 2024 10:30 AM] While gold reached a record high in May at $2,450 per ounce, it has since settled at $2,329 per ounce. According to the World Gold Council, China’s demand for gold fell in May to its lowest level in four years. Gold Prices Down from Record…

Fed Sees Just One Rate Cut This Year; Bitcoin Gives Up Session Gains

[Jun 12, 2024 12:14 PM]

3 reasons why Pepe poised for another 70% jump by July

[Jun 12, 2024 5:46 AM] PEPE’s rising wedge pattern, rising whale accumulation and increasing rate cut bets could boost the memecoin’s price in June.

US Senators Urge Federal Reserve to Cut Interest Rates — Warn Fed Policy Threatens Economy, Risks Recession

[Jun 11, 2024 9:10 AM] Three U.S. senators have urged Federal Reserve Chair Jerome Powell to cut interest rates, arguing that high rates stifle the economy and raise housing and auto insurance costs, which are key inflation drivers. They warn that prolonged high rates…

Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say

[Jun 11, 2024 3:37 AM] Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said.

Bitcoin dips as ETFs break 19-day green streak, rumble over US inflation

[Jun 11, 2024 12:05 AM] Traders are seemingly going risk-off ahead of a U.S. CPI print and a Fed monetary policy meeting, with Bitcoin falling to a weekly low.

U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan

[Jun 6, 2024 7:35 AM] Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.

Nobel Laureate Paul Krugman Claims ‘Inflation Bump Is Over’ — Peter Schiff Says Krugman’s View ‘Should Be Dismissed’

[Jun 2, 2024 5:11 PM] Nobel Prize-winning economist Paul Krugman and gold advocate Peter Schiff are in disagreement over inflation. Krugman believes that “the inflation bump is over.” However, Schiff argues that Krugman didn’t even foresee the…

US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest Expense

[May 27, 2024 11:15 AM] U.S. Treasury Secretary Janet Yellen has stressed the importance of managing U.S. borrowing needs amid higher long-term interest rates, emphasizing the need to boost revenue in budget negotiations. “We’ve raised the interest-rate forecast. That…

Federal Reserve Poll Reveals Only 7% Used Cryptocurrency in 2023; Contradicts Coinbase Data

[May 23, 2024 9:28 PM] The “Economic Well-Being of U.S. Households in 2023” survey, prepared by the Federal Reserve and executed by Ipsos, has revealed that only 7% of the people polled held or used cryptocurrency in the U.S. The survey, which included 11,400…

18M Americans used or owned crypto last year: Fed survey estimates

[May 22, 2024 11:54 PM] Just 1% of United States adults reported using crypto for payment or to send money in 2023.

Goldman Sachs CEO Forecasts No Fed Rate Cuts This Year

[May 22, 2024 3:16 PM] David Solomon, CEO of Goldman Sachs, expressed doubts about the Federal Reserve cutting interest rates this year due to the resilient economy, bolstered by government spending and investments in AI infrastructure. Despite these factors, Solomon…

Bitcoin price hits $70K as spot and BTC ETF buying surges

[May 20, 2024 1:47 PM] Analysts believe Bitcoin price is en route to new highs now that the recent consolidation phase has come to an end.

US Lawmaker Introduces Bill to Dismantle Fed’s Board of Governors and Abolish the Central Bank

[May 17, 2024 2:36 PM] Following the policymaker’s survey, U.S. Representative Thomas Massie (R-Ky.) announced the introduction of H.R. 8421, known as the “Federal Reserve Board Abolition Act.” This legislation aims to dismantle the Board of Governors of the…

Tens of Thousands Show Overwhelming Support for Abolishing the Fed, US Policymaker’s Poll Reveals

[May 16, 2024 7:16 AM] On May 15, Thomas Massie, a Republican member of the United States House of Representatives, posted on X, inquiring whether he should introduce legislation to abolish the U.S. Federal Reserve. The poll garnered over 115,000 votes, with a…

Bitcoin traders expect Fed Chair Powell to ‘pump our bags’ and BTC to target $80K+

[May 13, 2024 3:07 PM] Historical Bitcoin performance data and investors' expectation that the Fed will “pump our bags” have traders anticipating a strong BTC price rebound.

Bitcoin price shows strength as investors anticipate return of money printing

[May 13, 2024 12:55 PM] Bitcoin rallies as central bank stimulus packages become more common, and the Fed’s signal of “higher for longer” interest rates aligns with investors’ market view.

Stan Druckenmiller Slams Bidenomics — Advocates for Less Government to Boost Innovation

[May 10, 2024 7:42 PM] Renowned investor Stanley Druckenmiller has criticized Bidenomics, stating that he would give it an F if he was a professor. “Treasury is still acting like we’re in a depression,” he said, adding that “they’ve spent…

Bitcoin's Modest Rally Cut Short, Price Tumbles Back Below $61K

[May 10, 2024 9:20 AM] Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.

U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactions

[May 8, 2024 3:00 AM] Major stakeholders in the U.S. financial sector, including Citi, JPMorgan, Mastercard, Swift and Deloitte, are teaming up to explore sharing ledger technology by simulating multiasset transactions in dollars.

Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form

[May 3, 2024 2:00 PM] Some analysts were frightened by the recent drop in Bitcoin prices. Though the coin is showing signs of strength, multiple leveraged longs were liquidated early this week. In a post on X, one analyst thinks Bitcoin might have just found support…

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

[May 2, 2024 11:07 PM] This week’s 12% Bitcoin retreat was a “well-needed market cleansing,” said the former BitMEX boss.

Jerome Powell’s pivot heralds a boring summer for Bitcoin

[May 1, 2024 1:38 PM] The Federal Reserve isn't sticking with the schedule of interest rate cuts it predicted earlier in the year. That makes navigating the market more challenging.

Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled

[May 1, 2024 12:08 PM] Hopes for a series of interest rate cuts in 2024 have been quickly vanishing over the past few weeks as both the economy and inflation exhibit unexpected strength.

Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash

[Apr 30, 2024 3:17 PM] Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve.

Custodia Bank takes case to higher court after March setback

[Apr 26, 2024 1:13 PM] Custodia Bank is challenging a lower court’s ruling in its battle for a Federal Reserve master account.

Custodia Bank Appeals Court Loss in Fed Master Account Lawsuit

[Apr 26, 2024 10:45 AM] Custodia, a Wyoming-based aspiring crypto bank, filed a notice of appeal against a court ruling that affirmed the Federal Reserve's rejection of its bid for a master account and membership.

Polymarket Traders See 32% Chance of No Fed Rate Cuts This Year

[Apr 19, 2024 12:56 AM] The hawkish shift in the market sentiment could dampen the demand for risk assets, including cryptocurrencies and technology stocks.

The Solution for Stablecoin Regulation

[Apr 17, 2024 3:00 AM]

Uncertainty Over Fed Rate Cuts Intensifies With Sticky Inflation Metrics

[Apr 13, 2024 1:19 PM] As each day unfolds, analysts, economists, Wall Street institutions, and Fed watchers have increasingly postponed their forecasts for when the U.S. Federal Reserve will reduce the benchmark interest rate. Current data suggest that a rate cut in…