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

[Jun 11 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…

FOMC Preview: How Will Bitcoin And Crypto React? All You Need To Know

[Jun 11 1:30 AM] As the financial markets brace for the upcoming Federal Open Market Committee (FOMC) meeting on Wednesday, June 12th, the Bitcoin and crypto community is poised to assess the implications of any Federal Reserve announcements on digital assets such…

Cautious Bitcoin Bounce to Face Inflation Data Hurdles Later This Week

[May 13 12:57 PM] The downtrend in inflation has stalled so far this year, putting in doubt the odds for any Fed rate cuts in 2024.

Jerome Powell’s pivot heralds a boring summer for Bitcoin

[May 1 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.

Fed Governor Bowman Insists High Inflation Could Necessitate Future Rate Hikes

[Apr 7 11:32 AM] Inflation in the U.S. has remained persistent, experiencing increases in the first two months of 2024, prompting members of the U.S. Federal Reserve to exercise caution against premature rate reductions. Federal Reserve Governor Michelle Bowman has…

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

[Mar 20 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…

Fed Chair Powell Eases CBDC Concerns: US Far From Direct Fed Accounts, Emphasizes Need for Congressional Approval

[Mar 7 3:30 PM] Federal Reserve Chairman Jerome Powell engaged with the Senate Banking Committee, signaling that the U.S. is just beginning to contemplate the introduction of a central bank digital currency (CBDC). Powell Assures No Direct Fed Accounts in CBDC…

Fed Chair Powell Told House Democrats U.S. Needs Stablecoin Bill: Politico

[Feb 14 7:59 AM] Powell also said a CBDC would need Congress' approval before the Federal Reserve will act.

Donald Trump Won't Reappoint Fed Chair Jerome Powell If Elected President

[Feb 2 12:31 PM] In a recent statement, former President Donald Trump made it clear that, if elected for a second term, he would not reappoint Jerome Powell as the Federal Reserve Chair. Trump has expressed his dissatisfaction with the current Fed Chair's…

Economist Peter Schiff Discusses Likelihood of a Fed Interest Rate Cut in March

[Feb 1 8:30 PM] Economist Peter Schiff says Federal Reserve Chairman Jerome Powell taking the March rate cut off the table “may have actually raised the probability that the Fed will indeed serve up the first rate cut in March.” Moreover, Schiff…

Bitcoin Set For Weekend Rally Amid New Banking Crisis: Arthur Hayes

[Feb 1 4:30 AM] Arthur Hayes, the founder of BitMEX, has offered an in-depth analysis of the current financial landscape and its potential impact on Bitcoin, especially in light of the recent challenges faced by New York Community Bancorp (NYCB) and the broader…

Bitcoin Dips to $42.4K as Fed's Powell Pours Cold Water on March Rate Cut

[Jan 31 4:28 PM] Bitcoin dipped to $42,300, while crypto majors ETH, ADA, DOT fell 3%-4% with Solana's SOL tumbling over 6%.

Fed Maintains Interest Rates, Seeks ‘Greater Confidence’ on Inflation Goal; Bitcoin and Gold Hold Steady

[Jan 31 2:30 PM] On Wednesday, Jan. 31, 2023, the U.S. Federal Reserve opted to maintain the federal funds rate unchanged. The Federal Open Market Committee (FOMC) additionally stated that the committee “does not expect it will be appropriate to reduce the…

Fed Leaves Rates Unchanged, Sounds Hawkish Note on March

[Jan 31 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.

Bitcoin Eyes $45,000 Amid Anticipation Of FOMC Decision

[Jan 29 3:20 AM] After a challenging two weeks resulting in a 21% drop, the Bitcoin (BTC) price rebounded emphatically, closing last week on a strong note. The premier cryptocurrency witnessed a surge that saw it end with a Doji Hammer candle on its weekly chart…

Real Reasons For Bitcoin Price Crash Revealed, Not GBTC: Arthur Hayes

[Jan 24 3:00 AM] In his latest essay, Arthur Hayes, the founder of BitMEX, articulates a contrarian perspective on the recent downturn in Bitcoin’s price, refuting the mainstream narrative that attributes the decline to outflows from the Grayscale Bitcoin…

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

[Jan 8 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…

Analysts Predict ‘Higher Crypto Prices in 2024,’ Regardless of Spot Bitcoin ETF Approval

[Dec 14, 2023 3:00 PM] Matrixport’s research team has observed a significant increase in U.S. money market fund deposits, doubling since the outbreak of Covid-19. This growth, they believe, bodes well for the continued expansion of the crypto asset market…

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…

Bitcoin Halts at $41K as Traders Eye Fed Rate Decision; AVAX Flips Dogecoin as Altcoins Jump

[Dec 12, 2023 3:43 PM] Bitcoin remained steady around $41,000 after Monday's dramatic flush.

Fed Observer Jim Grant Foresees Long-Term High Rates as FOMC Meeting Approaches

[Dec 11, 2023 11:30 AM] Market participants, including both investors and traders, have their attention keenly set on the upcoming Federal Open Market Committee (FOMC) meeting, slated for Dec. 13, 2023. There is widespread speculation about whether Fed Chair Jerome Powell…

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.

Moody’s Downgrades US Credit Rating to ‘Negative’ on Fiscal Deficits and Debt Concerns

[Nov 11, 2023 11:30 AM] The credit agency Moody’s has revised the United States credit outlook to “negative” from “stable” due to concerns over persistent large fiscal deficits and diminishing debt affordability. The announcement follows a…

Fed Chair Powell’s Hawkish Tone Rattles Markets as Inflation Concerns Persist

[Nov 10, 2023 11:30 AM] Amid an uncertain economic landscape, Federal Reserve Chair Jerome Powell’s recent remarks have amplified the debate on the sufficiency of prevailing interest rates. Even with robust gross domestic product growth, Powell’s address…

Bitcoin beyond 35K for Christmas? Thank Jerome Powell if it happens

[Nov 1, 2023 4:53 PM] Led by Chairman Jerome Powell, the Federal Reserve has halted the rise of interest rates. Will it be enough to fuel the surging market through Christmas?

Federal Reserve Leaves Rates Unchanged; Bitcoin Flat at $34.5K

[Nov 1, 2023 12:05 PM] Market participants will now turn to Fed Chair Jerome Powell's post-meeting press conference to glean insight into the future path of U.S. central bank policy.

Fed’s Powell Hints at Continued Elevated Rates; Fedwatch Tool Indicates Near-Certain Hike Next Month

[Oct 19, 2023 3:30 PM] Federal Reserve Chair Jerome Powell stressed on Thursday the U.S. central bank remains committed to bringing down inflation and will maintain restrictive monetary policy until prices cool. Speaking at the Economic Club of New York, Powell hinted…

BTC price climbs to $28.6K as Bitcoin awaits 'very dovish' Fed Powell speech

[Oct 19, 2023 8:50 AM] Bitcoin may witness a "very dovish" move from Powell as high U.S. bond yields cause a stir, while BTC price passes $28,600.

‘Soft Landing Is a Primary Objective’ — Federal Reserve Signals One More Rate Hike in 2023

[Sep 22, 2023 8:00 AM] Based on the U.S. Federal Reserve’s forecasts, it appears that the central bank is poised to enact an additional hike to the federal funds rate by the end of 2023. The news comes in the wake of the Federal Reserve’s decision to leave…

Fed Official: Digital Dollar Decision Still a Long Way Off

[Sep 9, 2023 6:00 PM] The Federal Reserve’s vice chair for supervision has affirmed that the U.S. central bank is “a long way” from making a decision on whether to issue a central bank digital currency (CBDC). The Fed official also voiced concerns…