11 / 27 Relevant items tagged with #FederalReserve

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Powell: Economy Progresses but Inflation Still ‘Too High’ to Adjust Benchmark Rate

[Mar 20, 2024 1:30 PM] On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is…

Federal Reserve Keeps Interest Rates, Rate Cut Outlook Steady for This Year

[Mar 20, 2024 12:19 PM] Policymakers forecasted Wednesday they would lower interest rates to 4.6% by year-end, similarly to their December projection.

Bitcoin Rebounds to $65K as Investors Weigh Looming Fed Decision Risk

[Mar 19, 2024 12:47 PM] Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday's FOMC meeting, one market observer said.

Financial Markets Tense as Inflation Rise Suggests US Central Bank May Keep Rates Steady

[Mar 13, 2024 1:30 PM] The U.S. Consumer Price Index (CPI), experienced a 3.2% increase over the 12 months ending in February, marginally higher by 0.1% compared to January’s CPI. This development is not being well-received by the financial markets, as the U.S…

U.S. Fed Chair Powell Says 'Nowhere Near' Pursuing CBDC, Won't Spy on Americans

[Mar 7, 2024 11:10 AM] Even if the Federal Reserve were close to recommending a central bank digital currency (CBDC) in the U.S., Chair Jerome Powell told lawmakers that the Fed has zero interest in a system in which it would have a view into user data.

Republican Lawmakers Introduce Legislation to Ban a CBDC in the U.S. ... Again

[Feb 27, 2024 2:51 AM] Another group of Republican lawmakers has introduced legislation to block efforts to introduce a digital dollar.

The Bitcoin “Big Money Algos” Are Here: Will BTC Breach $70,000?

[Feb 20, 2024 10:00 AM] Mike Alfred, a Bitcoin investor and crypto commentator, thinks the “big money algos” are back and predicts the world’s most valuable cryptocurrency will rally to record fresh February 2024 highs but retest all-time highs. This…

Fed Governor Discusses Crypto’s Impact on US Dollar Dominance — Says Banks Should Avoid Bitcoin ETFs as Primary Asset

[Feb 18, 2024 2:30 AM] A Federal Reserve governor has addressed crypto’s impact on the U.S. dollar’s dominance. Additionally, he expressed reservations about the need for a U.S. central bank digital currency (CBDC) and stated his opposition to banks holding…

U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar's Global Strength

[Feb 15, 2024 2:20 PM] Crypto critics often warn of digital currencies' potential to destabilize the U.S. dollar, but Federal Reserve Gov. Christopher Waller argued that stablecoins' dependence on the dollar could actually strengthen the U.S. fiat currency as…

Fed Chair Powell Briefs Lawmakers on US Central Bank Digital Currency Progress

[Feb 14, 2024 11:30 PM] Federal Reserve Chairman Jerome Powell has provided an update to Congress members regarding the Fed’s central bank digital currency (CBDC) work. “If we’re going to have a CBDC, Congress needs to authorize it,” he stressed…

Federal Reserve Ends Enforcement Action Against FTX-Connected Farmington State Bank

[Feb 7, 2024 3:30 PM] The Federal Reserve terminated its enforcement action against Washington-based Farmington State Bank, previously known as Moonstone Bank and linked to FTX’s Alameda Research. Federal Reserve Terminates Enforcement Action of FTX-Linked…

Commodity Analyst Mike McGlone Says Gold Glitters Over Bitcoin as Crypto-to-Metal Ratio Plunges Post-2021

[Feb 4, 2024 4:30 PM] Bloomberg’s commodity market expert Mike McGlone warns of a potential downturn for bitcoin, highlighting its disappointing performance against gold since its peak in 2021. On Sunday, McGlone pointed out that the bitcoin/gold ratio had…

Fed Leaves Rates Unchanged, Sounds Hawkish Note on March

[Jan 31, 2024 1:08 PM] Bitcoin investors have mostly been focused on spot ETFs and the upcoming halving, but central bank monetary policy is also likely to play a sizable role in the 2024 price outlook.

Markets 'Too Optimistic' About Fed Rate Cuts: JPMorgan Asset Management

[Jan 31, 2024 6:12 AM] "The market may be too optimistic as we see limited evidence of disinflation in certain areas that are a focus for the Fed," strategists said, explaining a potential for a decline in risk assets.

UBS Predicts Gold Prices Will Rise 10% in 2024 Amidst Fed Policy Pivot

[Jan 24, 2024 12:30 AM] UBS, a financial services company, predicts that 2024 will be fruitful for gold, forecasting a price increase of 10% over current market prices. According to UBS analysts, this price increase will be powered by a pivot in the current policy of the…

US Stocks, Bitcoin, and Gold Drop as Fed Plays Coy on Rates — Investors in Limbo

[Jan 17, 2024 6:30 PM] The leading trio of U.S. stock indices — Dow Jones Industrial Average, Nasdaq Composite, and the S&P 500 — experienced a downturn on Wednesday afternoon. This decline coincided with a rise in 10-year Treasury yields, which jumped…

Morgan Stanley’s Chief Economist Predicts Rate Cuts ‘This Year’ as Market Eyes Federal Reserve’s Next Move

[Jan 8, 2024 12:30 PM] This year, mirroring last year’s speculation, market observers are keenly awaiting decisions from the U.S. Federal Reserve concerning the federal funds rate, with a particular focus on potential rate cuts this year. Ellen Zentner, Morgan…

Arthur Hayes Foresees 30% Bitcoin Crash Amid 'Vicious Washout.' Here's Why

[Jan 5, 2024 1:04 PM] Depletion of the Fed's reverse repo program and expiry of a crucial funding facility for troubled banks may trigger a market crash in March and force the Fed to cut interest rates, Maelstrom CIO Arthur Hayes said.

U.S. 216K Jobs Adds in December Tops Estimates for 170K

[Jan 5, 2024 7:38 AM] The closely watched report

Don't get excited about Fed 'dovishness' — another rate hike is in the cards

[Dec 14, 2023 4:36 PM] Contrary to Jerome Powell's intimations, inflation is likely to rise in the months ahead. If the Fed does not hike rates in 2024, the problem will get worse.

TradFi Goes All-In on Fed Rate Cuts. What It Means for Bitcoin

[Dec 14, 2023 12:19 PM] The Fed yesterday signaled that far easier monetary policy is in store for 2024.

Powell’s Fed Policy Criticized: Experts Claim ‘Phony Economy’ and ‘Credibility Destruction’ Post Rate Decision

[Dec 14, 2023 12:30 AM] The Federal Reserve’s most recent session of the Federal Open Market Committee (FOMC) wrapped up, leaving interest rates as they were. The market, expecting rate reductions in 2024 and influenced by Fed Chair Jerome Powell’s dovish…

Federal Reserve Holds Policy Steady, but Indicates More Dovish 2024

[Dec 13, 2023 1:10 PM] The U.S central bank Wednesday left its benchmark fed funds at a range of 5.25%-5.50%.

US CPI Sees Slight Uptick in November, Fed Likely to Maintain High Rates

[Dec 12, 2023 12:30 PM] In November, the U.S. Consumer Price Index (CPI), a principal measure of inflation, registered a modest rise of 0.1%, maintaining a consistent annual increase of 3.1%. This minor growth in prices reflects subtle economic shifts, with energy costs…

US Fed 2024 rate cut could prove perfect catalyst for BTC halving

[Dec 11, 2023 7:34 AM] A cut in the U.S. Federal Reserve rate is seen as bullish, as it boosts risk appetite among investors.

Goldman Sachs Sees Fed Delivering First Rate Cut in Q3 2024: Reuters

[Dec 11, 2023 3:28 AM] The Fed's benchmark interest-rate range is currently 5.25% to 5.5%.

Bitcoin Dips as U.S. November Job Growth of 199K Tops Estimates

[Dec 8, 2023 7:37 AM] Anticipating a slowdown in the economy and easier Fed monetary policy, investors have sharply bid down interest rates in the weeks leading up to this morning's numbers.

Bitcoin ETFs Got BTC Surging, but Tumbling Interest Rates Have Helped, Too

[Dec 5, 2023 11:56 AM] The abrupt recent turn in expectations for Federal Reserve monetary policy has helped asset prices across the board.

Bitcoin price hits $39K as Powell stirs bets Fed rate hikes are over

[Dec 1, 2023 11:48 AM] Bitcoin reaches levels not seen since May 2022 amid an excited market reaction to the latest Fed inflation commentary.

Fed’s ‘Beige Book’ Paints Dim Economic Picture, Experts Warn Central Banks ‘Have No Ability to Save Anything’

[Nov 30, 2023 2:00 PM] On Wednesday, following the market’s closure, major U.S. indices concluded the day unchanged, coming off a rise the previous day. This surge was influenced by the dovish remarks made on Tuesday by Federal Reserve Governor Christopher Waller…