4 / 5 Relevant items tagged with #JeromePowell
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The Need for Clarity in Washington – Not Just on Crypto
[May 5, 2023 10:31 AM] The recent ambiguous messaging from the Federal Open Market Committee's meeting, which left markets struggling to interpret signals from the FOMC statement and Chair Jerome Powell's comments, is typical of the abstruse signals that can be found in…
Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet
[May 3, 2023 11:30 PM] Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the…
US regional bank shares sink despite Fed calling banking system 'sound'
[May 3, 2023 10:47 PM] PacWest Bancorp was the hardest hit bank after-hours on Wednesday, falling over 50% following a reported plan to explore strategic options.
Federal Reserve Raises Interest Rate by 25bps, Insists ‘US Banking System Is Sound and Resilient’
[May 3, 2023 12:56 PM] The U.S. Federal Reserve, in conjunction with the Federal Open Market Committee (FOMC), announced on Wednesday that the central bank would raise the federal funds rate by 25 basis points (bps), as was widely expected by the market. This marks the…
Morgan Stanley Strategist Warns of Equities Sell-Off in Response to ‘Hawkish’ Fed Message
[May 2, 2023 8:00 AM] On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street. He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. Federal Reserve chairman…
A Million-Dollar Bitcoin Bet, Financial Crisis Warnings Abound, and Ordinal Inscriptions Surpass 500,000 — Week in Review
[Mar 26, 2023 6:30 AM] Venture capitalist Balaji Srinivasan says hyperinflation is happening now, and is making million-dollar bets that the price of bitcoin will reach $1M in 90 days. In related news, myriad voices from the world of finance are sounding off about…
Dogecoin (DOGE) Makes Slight 6% Climb This Week – Here’s Why
[Mar 24, 2023 1:37 AM] Dogecoin (DOGE) price has experienced a slight upward movement, bringing hope to its supporters amidst a tumultuous period for the cryptocurrency market. Earlier today, the meme-inspired digital currency has risen by 6%. This latest surge in…
‘How did this happen’ — Powell says Fed stumped over the collapse of SVB
[Mar 22, 2023 8:36 PM] In a post-FOMC meeting on March 22, the chairman of the Federal Reserve said his “only interest is that we identify what went wrong here.”
Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025
[Mar 22, 2023 1:05 PM] Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed…
The Federal Reserve Intervenes: Bank Term Funding Program
[Mar 20, 2023 12:00 PM] The Federal Reserve balance sheet increased by $300 billion in one week, leading to debate about whether these actions qualify as quantitative easing. The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's…
Bitcoin Is a Clear Winner of the U.S. Banking Crisis
[Mar 17, 2023 9:26 AM] The narratives around bank failures, stablecoins and interest rate hikes seem strong enough to propel the price of bitcoin, says CoinDesk's George Kaloudis.
Federal Reserve confirms July launch for FedNow instant payment service
[Mar 15, 2023 9:08 PM] The Fed Now service aims to reduce the gap in payment time between US financial institutions.
Moody’s Downgrades US Banking Sector to Negative After Collapse of Three Major Banks
[Mar 14, 2023 3:30 PM] After the failure of three major U.S. banks last week, with two of them being the second and third largest banking failures in the country, Moody’s Investors Service has downgraded the rating of the U.S. banking system from…
Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss
[Mar 10, 2023 8:28 AM] On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg…
The Big Flip: Interest Rate Expectations Repricing Upward
[Mar 2, 2023 11:45 AM] The Big Flip thesis has been gaining traction in the financial world and describes the market’s misplaced belief in the path of inflation and policy rates.The article below is a free full piece from a recent edition of Bitcoin Magazine PRO…
US Markets Tumble as Real Estate Weakens, Putin Suspends Nuclear Treaty, Morgan Stanley Warns of Stock Market ‘Death Zone’
[Feb 21, 2023 6:00 PM] On Tuesday, all four major U.S. benchmark stock indexes fell as real estate data showed home sales dropped by 0.7% last month and Russian President Vladimir Putin suspended the nuclear arms control treaty with the United States. Additionally, the…
US Inflation Remains Higher Than Expected, Raising Concerns Among Investors
[Feb 14, 2023 11:00 AM] U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate…
Bitcoin bulls stumble at $23.4K as Fed's 'disinflation' sparks BTC price rally
[Feb 8, 2023 3:42 AM] Bitcoin price action returns to tackle familiar resistance, with bulls so far failing to make fresh inroads toward $25,000.
Crypto market cap jumps $40B as Fed chair Powell hints at 'disinflation'
[Feb 1, 2023 6:53 PM] While the rate increase was expected by the markets and Powell indicating more increases will come, the market seems to have reacted positively to the latest FOMC speech.
Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell
[Feb 1, 2023 2:30 PM] The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-point increase. The FOMC statement further detailed…
No Policy Pivot In Sight: “Higher For Longer” Rates On The Horizon
[Jan 31, 2023 3:49 PM] The market is nearly unanimous in expecting a 0.25% rate hike during February's FOMC meeting, yet many expect a “pause” shortly thereafter. We beg to differ.The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's…
Market Strategist Warns of ‘Blood’ on February 1 Ahead of Fed Meeting
[Jan 29, 2023 2:30 PM] Stocks, precious metals, and cryptocurrencies rallied during the first month of the year, and market strategists are saying that markets could retract in the near future if the U.S. Federal Reserve keeps hiking rates and maintaining a broader…
Economist Mohamed El-Erian Predicts ‘Sticky’ Inflation Despite Federal Reserve’s Efforts to Bring it Down
[Jan 23, 2023 11:00 AM] As investors examine the next move of the Federal Reserve, analysts, economists and market participants are also closely monitoring inflation levels. In Dec. 2022, the annual inflation rate dropped to 6.5%, and many experts predict it will decrease…
Bitcoin price targets include new $14K dip as Fed's Powell avoids inflation
[Jan 10, 2023 9:17 AM] No fresh BTC price catalyst from the Fed as Chair Powell fails to mention inflation altogether.
Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes
[Jan 9, 2023 9:00 AM] The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target…
The Federal Reserve's pursuit of a 'reverse wealth effect' is undermining crypto
[Dec 18, 2022 6:27 PM] The Federal Reserve is seeking to push investors into reevaluating their portfolios by injecting chaos into markets.
Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year
[Dec 14, 2022 3:00 PM] The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the four consecutive three-quarters of a point increases…
The Everything Bubble: Markets At A Crossroads
[Dec 2, 2022 10:00 PM] After Jerome Powell’s speech, markets are caught in the middle. Participants are hoping for a pivot. Is the bottom in or is more pain on the horizon? The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's…
Bitcoin sees worst monthly close in 2 years as traders watch $16.7K
[Dec 1, 2022 5:08 AM] BTC price action strengthens into the November monthly candle close, but traders are already warning over getting too “cocky” on Bitcoin.