Euro zone inflation climbed again to a new high of 9.10% in August – suggests the flash estimates from the region’s statistics office Eurostat on Wednesday Key takeaways from the August inflation repo...
Tag: BPs
Interest rates should go up another 150 bps this year: Bullard
The U.S. economy has already plunged into a “technical” recession but James Bullard does not expect the central bank to pivot anytime soon. Inflation will take time to return to 2.0% The President of ...
Crypto Markets Add $100 Billion Following the Fed’s 75 BPS Rate Hike (Market Watch)
Unlike the previous Fed interest hikes, bitcoin went on a roll this time, adding over $2,000 in hours to set a new weekly high. The altcoins are also well in the green on a daily scale, with ETH soari...
Bitcoin Pumps to $22k as Fed Hikes Rates by 75 BPS
Bitcoin’s volatility surged once again following the latest Federal Open Markets Committee (FOMC) meeting. The primary cryptocurrency rose by 2.5% in response to the US central bank’s announcement of ...
Fed Hikes Benchmark Bank Rate by 75 bps, Elizabeth Warren Says Central Bank Could ‘Trigger a Devastating Recession’ – Economics Bitcoin News
On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central ba...
Fed hikes rates by 75 bps; reaches twin milestones ahead of GDP data
In line with market expectations, Chairman Powell and the members of the FOMC, raised the federal funds rate by 0.75%, for a second consecutive time. In a unanimous vote, the policy corridor was raise...
75 bps Fed rate hike likely amid a “world of paradox”
In a historic move, the market anticipates that the Federal Funds Rate, the key policy tool of the Federal Reserve will breach the neutral rate of interest with the conclusion of the Fed’s 2-day FOMC ...
$250 Mln In Bitcoin (BTC), Ethereum (ETH) Liquidated, Is 100 bps Rate Hike Certain?
The crypto market loses last week’s gains as Bitcoin and Ethereum prices fail to sustain key support levels ahead of the FOMC meeting on July 27. The crypto market saw over $250 million in total liqui...
Analysts Suspect the Fed Will Bump Federal Funds Rate by 75 bps Next Week, Others Predict the ‘Biggest Hike in Decades’ – Economics Bitcoin News
Following the recent U.S. consumer price index report that indicated inflation in America has reached a 40-year high, many expect the Federal Reserve to hike the benchmark interest rate by 75 to 100 b...
What 100 BPS Fed Rate Hike Could Mean For The Crypto Market?
The U.S. Consumer Price Index (CPI) for June jumped to 9.1%, according to data released by the Bureau of Labor Statistics today, July 13. The rise in CPI started a liquidation chain across the crypto ...
US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994 – Economics Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
Fed raised rates by 75 bps: ‘they’re responding to backward-looking indicator’
The S&P 500 index is up nearly 3.0% on Wednesday after the U.S. Federal Reserve announced its biggest rate hike since 1994. A brief recap of the FOMC meeting Benchmark interest rates raised by 75 ...
JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed – Economics Bitcoin News
The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to incr...
FED Raising Interest Rate By 50 bps In June! Crypto Market to Tumble More?
CEO of Tesla Elon Musk recently pointed to a negative trend in the crypto market. He said that the crypto market may face even more economic troubles in the coming months. In a recent tweet, Elon Seem...
The Fed’s Christopher Waller Wants 50 bps Rate Hikes Until Inflation Subsides, US Savings Data Plummets – Economics Bitcoin News
Federal Reserve governor Christopher Waller has detailed he is ready to get behind 50 bps rate hikes until the extreme inflationary pressures plaguing the U.S. economy subsides. Waller stressed that u...
Wharton’s Professor calls for a 100 bps increase in interest rates
U.S. inflation remained above 8.0% in April, which, as per Professor Jeremey Siegel of the Wharton School, calls for the central bank to be more aggressive than it has indicated. Highlights from Profe...
Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June – Economics Bitcoin News
While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback...
Fed raises rates by 50 bps: ‘50 bps won’t stop inflation for long time’
The U.S. central bank lifted its benchmark interest rate by 50 bps on Wednesday to tackle inflation that stands at about a forty-year high of 8.50%. 75 bps increase is not on the cards Stocks still we...
Is a 75 bps increase in interest rate on the cards?
An environment where rates are expected to go up rapidly warrants investing in “financials”, says Wells Fargo Advisors’ Mark Smith. Smith’s comments on CNBC’s ‘The ...
Citi now sees four consecutive 50 bps increase in interest rates
The U.S. Federal Reserve could increase interest rates by 50 basis points consecutively in its next four policy meetings, says Citi’s Veronica Clark. Clark’s remarks on CNBC’s &lsquo...
Fed Chair: interest rates ‘could’ go up by 50 bps in May
A fresh wave of COVID in China and the ongoing war in Ukraine could further exacerbate inflationary pressures, says Chairman of the U.S. Federal Reserve. A 50-bps increase remains on the table Jerome ...
US Inflation Could Be Worse Than Expected, Goldman Sachs Says — Atlanta Fed President Favors 25 BPS Rate Hike – Economics Bitcoin News
While the conflict in Ukraine is a hot topic, fears of rising inflation continue to haunt Americans residing in the country, as economists and analysts note U.S. inflation will likely remain high. Inf...
BP’s Rosneft Alliance Tested by U.K. Tough Talk on Russia
(Bloomberg) — The U.K. government has argued for some of the toughest possible sanctions on Russia. At the same time, BP Plc holds one of the single biggest foreign investments in the country. M...