Quick Take +311k jobs created vs. estimate of +205k. 3.6% unemployment rate vs. an estimate of 3.4% Bitcoin broke $20,000 immediately after DXY retreats to 104.8, which sees an uplift on major currenc...
Tag: 50bps
With Speculation Of A 50bps Rate Hike, Is Crypto Crash Imminent?
As a direct response to Fed Chair Powell’s speech on Tuesday, the U.S. stock market witnessed a significant decline, with key indexes including the S&P 500, Dow Jones, and Nasdaq 100 all trading i...
GBTC discount narrows during SEC hearing, yield curve inversion deepens; 60% probability for 50bps hike
Quick Take Result of Powell Speaking The US 10-year minus 02 years has reached -100 bps inversion. The forward growth outlook is a full percentage point lower than the expected policy rate. Levels of ...
ECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight Inflation – Economics Bitcoin News
The European Central Bank (ECB) decided to hike three of its key interest rates by 50 basis points (0.5%) as part of its ongoing war against inflation. The organization stated that further increases a...
The Fed’s 50-bps hike faces off against the “compressed lag effect”
In the final Fed meeting of the year, Chairman Powell and the FOMC announced a rate hike of 50 bps, lifting the policy rate to 4.25%-4.50%. The decision was unanimous and very much in line with expect...
Fed Hikes Rate by 50bps, Sends BTC Below $18K as Crypto Rally Cools Off (Market Watch)
The decision of the US Federal Reserve to hike interest rates by 50 basis points put an end to the most recent crypto rally. Bitcoin’s price tumbled below $18K as the entire market took a beating. Bit...
Bitcoin Grapples With $18,000 as Fed Hikes Rate by 50bps
Bitcoin and other major cryptocurrencies experienced wild price fluctuations as the Fed announced a 50bps (0.5%) rate hike on Wednesday. The announcement by Fed Chair Jerome Powell saw the crypto mark...
Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year – Bitcoin News
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 consecutiv...
Bitcoin Falls Below $18k After Federal Reserves Announces 50bps Rate Hike
Bitcoin saw more volatility on Wednesday following a Federal Open Markets Committee meeting, during which the U.S. central bank agreed to raise its benchmark interest rate by 0.5%. The announcement, w...
Bank of Canada raises rates by 50bps, trouble for crypto?
On Wednesday, the Bank of Canada increased its overnight lending rate for the sixth time this year. The central Bank is aiming to curb inflation. In addition, the Bank of Canada issued a warning that ...
British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike – Bitcoin News
The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal...
Markets Now Expect 50bps Hike At September Fed Meeting
Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board … [+] building in Washington, Wednesday, July 27, 2022. (AP Photo/Manuel Balce Ceneta) Copyrig...
A 50-bps rate hike at the next FOMC meeting is on the cards
The U.S. central bank raised rates by 25 basis points this week, but it should consider being more aggressive at its next meetings, says Fed Governor Christopher Waller. Waller’s year-end target...