Federal Reserve Chairman Jerome Powell speaks during a House Financial Services Committee hearing to … [+] examine the Semiannual Monetary Policy Report to Congress, Wednesday, March 8, 2023, on...
Tag: Fed
Emergency FED Meeting Could Set Tone For Crypto Market Direction
Emergency FED meeting decision could affect the market direction in the coming week. James Bull thinks the FED might lower interest rates to protect more banks from collapsing. Crypto prices could pum...
Goldman Sachs no longer expects the Fed to hike rates in March
Goldman Sachs logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images Goldman Sachs no longer sees a case for the Federal Reserve to deliver a rate hike at its meetin...
Fed Bets Pared as Goldman Scraps March Hike Call on Flaring Risk
(Bloomberg) — Less than a week after Federal Reserve Chair Jerome Powell opened the door to a re-acceleration in the pace of interest-rate hikes, traders slammed it shut again amid the sudden er...
First Republic Bank gets funding boost from Fed, JPMorgan
First Republic Bank FRC, -14.84% said Sunday it had bolstered its financial position through “additional liquidity” from the Federal Reserve and JPMorgan Chase & Co. JPM, +2.54%. In a statement, t...
Did the Fed plant the seeds of destruction of Silicon Valley Bank?
Were the seeds of Silicon Valley Bank’s collapse planted by the Federal Reserve’s rapid rate increases? That is one of the debates ranging online over the weekend. Michael Green, chief strategist and ...
USDC bounces back toward $1 peg after Fed announcement
Circle’s stablecoin USD Coin (USDC) is climbing back to its $1 peg following confirmation from CEO Jeremy Allaire that its reserves are safe and the firm has new banking partners lined up at “banking ...
Treasury, Fed and FDIC joint statement on SVB and Signature Bank: full text
U.S. financial regulators on Sunday said Silicon Valley Bank SIVB, -60.41% depositors would have access to “all their money” starting Monday and that no losses associated with the bank’s resolution wo...
US Fed announces $25B in funding to backstop banks
Hot on the heels of several United States bank collapses, the Federal Reserve has announced $25 billion worth of funding aimed at backstopping banks and other depository firms. The funds would ensure ...
Fed Discusses Easing Access to Discount Window to Help Banks
(Bloomberg) — The Federal Reserve is considering easing the terms of banks’ access to its discount window, giving firms a way to turn assets that have lost value into cash without the kind of losses t...
Fed Flies Blind on Monetary Policy With Rising Risk of a 6% Rate
(Bloomberg) — The Federal Reserve is flying blind as it tries to bring down inflation without breaking the financial system or crashing the US into a recession. Most Read from Bloomberg Ahead of...
Fed must intervene after Silicon Valley Bank’s crash
Anthony Scamarucci, the founder of SkyBridge Capital, wants the United States Federal Reserve (Fed) to intervene in the aftermath of the Silicon Valley Bank’s (SVB) collapse. Anthony wants the Federal...
Fed Rate Puzzle Gets Final Inflation, Retail Pieces
(Bloomberg) — Reports this week expected to show still-hot US inflation and a backslide in retail sales round out the last of key economic data markers for Federal Reserve policymakers ahead of ...
Mark Cuban urges Fed to buy Silicon Valley Bank debt ‘immediately,’ says it’s ‘not the wealthy taking the hit’
Mark Cuban wants the Fed to buy Silicon Valley Bank’s debt, pronto. Not doing so, he believes, will shake confidence in the financial sector—and hurt tech startups and their employees. On Friday, the ...
Mark Cuban says Fed should ‘immediately’ take this action
Entrepreneur and Dallas Mavericks owner Mark Cuban has demanded the Federal Reserve take action and assume responsibility following the collapse of Silicon Valley Bank (SVB) Friday. “The Fed sho...
Silicon Valley Bank’s Failure May Lead to Smaller Fed Rate Hike
The second-largest bank failure in U.S. history might help the Federal Reserve do its job of tightening credit and slowing the economy. To be sure, the sudden collapse of the Silicon Valley Bank unit ...
U.S. Lawmakers Met With Fed, FDIC to Discuss Collapse of Silicon Valley Bank: Source
“I am alarmed by the failure of Silicon Valley Bank, which marks the second largest bank failure in U.S. history,” she said in a statement. “I am closely monitoring and convening Com...
Bond Yields Plunge Most Since 2008 as Traders Rethink Fed Path
(Bloomberg) — Government-bond yields fell the most since since 2008 after a US bank failure spurred traders to reassess the outlook for additional Federal Reserve rate hikes. Most Read from Bloo...
Market pricing swings back to quarter-point Fed rate hike
A trader works on the floor during morning trading at the New York Stock Exchange (NYSE) on March 10, 2023 in New York City. Spencer Platt | Getty Images It seemed like only yesterday that markets we...
FED Supports Innovation with Guardrails for Bank’s Crypto Activity
The U.S Federal Reserve Vice Chairman Michael S. Barr cites findings on crypto assets. “Benefits of innovation can only be realized if appropriate guardrails are in place,” says Barr. Regulatory and s...
Crypto Needs ‘Guardrails’ To Realize Positive Effects On Financial System, Top Fed Official Says
Michael Barr, Federal Reserve Vice Chair for Supervision, has acknowledged that crypto technology still holds promise for transforming the financial system, but emphasized the need for “guardrails” to...
U.S. Fed to create new crypto team amid Stablecoins’ concerns
The U.S. Federal Reserve is planning to form a specialized team of experts to keep up with developments in the cryptocurrency industry. Barr stated that regulation must be a deliberative process in or...
US Fed to create new crypto team amid concerns about unregulated stablecoins
The United States Federal Reserve is set to create a “specialized team of experts” to keep up with developments in the cryptocurrency industry, according to a Fed official, amid concerns from the Fed...
Economist Says High Prices Deceiving Fed Hikes and Investors
Corbu LLC’s Chief Economist Samuel Rines says companies driving inflation by testing consumer tolerance to price increases could render hawkish Fed policy toothless. On the Bloomberg Odd Lots podcast,...
Why Friday’s Jobs Report Won’t Save The S&P 500 From Fed Hawks
The Federal Reserve’s data-dependence might suggest that a more mild jobs report on Friday and tamer CPI inflation reading next week could still result in just a quarter-point rate hike on March...
Steve Forbes Says the Fed Is ‘Inflicting Unnecessary Pain’ With Interest Rate Hikes – Economics Bitcoin News
Media mogul Steve Forbes, chairman of Forbes Media, has warned that the Federal Reserve is “inflicting unnecessary pain” on the U.S. economy with its interest rate hikes after Fed Chair Jerome Powell ...
Fed Chair Powell Provides Update on US Central Bank Digital Currency – Regulation Bitcoin News
Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the ...
Why Did Stocks Drop On Tuesday And What’s Moving Markets This Week?
(Photo by Spencer Platt/Getty Images) Getty Images Key Takeaways The S&P 500 has slid this week, and is down over 3% from Monday’s open in late trading Thursday It comes as Fed Chairman Jay Powell...
Markets Now See Larger Fed Hike This Month
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on … [+] Capitol Hill in Washington, Tuesday, March 7, 2023. (AP Photo/Andrew Harnik) Copyright 2023 Th...
Fed vice chair highlights need for crypto safeguards
Federal Reserve Vice Chairman Michael S. Barr has published an article regarding cryptocurrencies, highlighting the creation of a team of professionals to examine the issue. In the article, Barr state...
Opinion: The only market forecast that should matter to stock investors: When does the Fed decide that higher inflation is OK?
By this time last year, every stock market forecast made for 2022 was wrong. The U.S. stock market peaked on the first trading day of 2022 and went downhill from there. This year, every forecast made ...