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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…

BRICS Summit Looms: Expert Warns of ‘Dramatic’ Shifts, US Dollar’s Wane, and Wall Street’s Blind Spots

[Aug 17, 2023 10:30 PM] Market expert Peter Grandich is urging the masses to keep a close eye on the BRICS bloc of burgeoning countries, hinting that specific partnerships might usher in “dramatic” ramifications. In just five days, the much-awaited BRICS…

ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns

[Jul 27, 2023 12:30 PM] The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too high for too long.” When ECB president Christine Lagarde was pressed about cutting rates by…

Crypto Catalysts: Rate Hike Looms as FOMC Begins Latest Monetary Policy Deliberations

[Jul 24, 2023 6:00 PM] The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. The Personal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.

End of Fed’s Tightening Cycle: Bernanke, Majority of Polled Economists See Terminal Rate Hike Ahead

[Jul 23, 2023 3:30 PM] With just a four-day window to go, the U.S. Federal Reserve appears primed to raise the federal funds rate by 25-basis-points (bps) at the forthcoming Federal Open Market Committee (FOMC) meeting scheduled for Wednesday. The market presently…

Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year

[Jun 14, 2023 1:20 PM] In accordance with market predictions, the U.S. Federal Reserve decided to halt its rate hike this month after ten consecutive hikes since last year. The members of the Federal Open Market Committee (FOMC) asserted that the U.S. banking system is…

Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July

[Jun 3, 2023 3:30 PM] Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate this month, a half-point rate hike may be necessary for July. As per the CME…

South African Rand Plunges to New Low After Benchmark Interest Rate Is Raised to 14-Year High

[May 29, 2023 12:00 AM] The South African fiat currency’s exchange rate versus the U.S. dollar plunged to a new all-time low of 19.7640 per dollar on May 25 just moments after the South African Reserve Bank raised the benchmark interest rate to its highest since…

Market Outlook: CME Fedwatch Tool Points to Increased Chance of June Rate Hike

[May 26, 2023 8:30 AM] According to the CME Group Fedwatch tool on Thursday, there was a 51% probability of a quarter-point rate increase during the upcoming Federal Open Market Committee (FOMC) meeting on June 14. Just a fortnight ago, the Fedwatch tool indicated a slim…

Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles

[May 3, 2023 8:35 AM] Bitcoin’s price looks unlikely to break out as markets brace for Fed rate hike volatility.

US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023

[Apr 30, 2023 10:00 AM] After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.25% in three days, according to expectations. A recent poll of 105 economists revealed that 94 of them…

US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year

[Apr 12, 2023 8:31 AM] On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following…

Bitcoin price rivals 10-month high as CPI data beats expectations

[Apr 12, 2023 7:02 AM] BTC price performance gets a fresh boost from strong U.S. inflation data, with Bitcoin bulls eyeing a clean trend breakout.

Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023

[Apr 10, 2023 8:00 AM] After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central…

Will BTC ditch the bear market? 5 things to know in Bitcoin this week

[Mar 27, 2023 2:38 AM] Bitcoin price is gearing up for a key monthly close that could see it dump its 2022 bear market for good.

Galaxy Digital CEO ‘wouldn’t be surprised’ if Bitcoin hit $30K this quarter

[Feb 15, 2023 9:48 PM] Recent positive Bitcoin price action has been linked to a slowdown of U.S. inflation, Mike Novogratz thinks the price rally could sustain until the end of March.

‘Forget a pivot’ — Markets won’t see Fed rate cut boost in 2023, says analyst

[Dec 20, 2022 8:25 AM] Bitcoin, stocks or else, there is now no light at the end of the Fed rate hike tunnel in 2023, says Jim Bianco.

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…