Getty Images Key takeaways The Federal Reserve hiked interest rates for the sixth time this year on Wednesday The 75 basis point (0.75%) rate hike is the fourth consecutive hike of its size Though inf...
Tag: Fed
New York Fed completes experiment using on-chain digital dollar
An office within the Federal Reserve Bank of New York has completed a test of a central bank digital currency for wholesale, cross-border transactions, exchanging a U.S. digital dollar with experiment...
GME Stock Price Collapse 6.23% as Fed Increased Interest Rate by 0.75 Points
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Labor Market Added 261,000 Jobs In October As Unemployment Climbed To 3.7%
Topline Though the unemployment rate ticked up to 3.7%, the labor market last month added a much stronger-than-expected 261,000 jobs—signaling that the labor market, which has remained one of the econ...
BTC, ADA, SHIB, XRP Turn Volatile as Fed Announces Massive Rate Hike
Alex Dovbnya Federal Reserve officials have announced the fourth consecutive 75-basis point hike in order to tame persistent inflation U.S. Federal Reserve officials raised the benchmark interest rate...
Bitcoin Tumbles With Stocks Following Fed Chair Remarks on Inflation
Bitcoin quickly followed stocks in a sell-off Wednesday—erasing modest gains—after Federal Reserve Chairman Jerome Powell said the central bank might continue its aggressive monetary policy. Things we...
Fed dials up interest rate by 75 bps – the 4th time in 2022; markets react
The Fed announces 4th consecutive 75-bps hike in fed rate. BTC and Ether fall marginally. Fed may go easier with fed rates in the future. Markets were prepared for the rate-hike The Federal Reserve (F...
Former Fed Chair Alan Greenspan Says Decreasing Supply of Greenbacks Makes the US Dollar a ‘Better Store of Value’ – Economics Bitcoin News
On Nov. 2, 2022, the American economist and 13th chairman of the U.S. Federal Reserve, Alan Greenspan, published an opinion editorial that says he envisions a monetary “tailwind” for the U.S. dollar n...
The Fed just hiked interest rates by 0.75% for the 4th straight time — escalating fears of a global recession. But here’s why soon-to-be retirees shouldn’t panic
The Fed just hiked interest rates by 0.75% for the 4th straight time — escalating fears of a global recession. But here’s why soon-to-be retirees shouldn’t panic The Fed just announced its...
Fed Interest Rake Hike Fails To Destabilize Bitcoin, Is This The Bottom?
The FOMC meeting was concluded on Wednesday and the Fed had finally made its decision public. As expected, there was another interest rate hike but surprisingly, the crypto market did not respond as e...
BYD Retains EV Crown Over Tesla As Mainland Investors Buy Big In Hong Kong
China Last Night KraneShares Key News Asian equities were down following the Fed’s 75 basis point interest rate hike as the US dollar surged overnight and the Asia dollar index hit a 52-week low. Thai...
Tech Firms Cut Thousands Of Jobs As Labor Market Braces For Economic Downturn
Topline Despite strong jobs data earlier in the week, employers in October announced the most job cuts in a single month since February 2021 as a growing number of executives anticipate an economic do...
BTC, ETH Move Lower on Thursday, After Hawkish Fed Rate Hike – Market Updates Bitcoin News
Bitcoin fell towards the $20,000 mark on Thursday, after the U.S. Federal Reserve once again moved to increase interest rates. The Fed hiked rates by 75 basis points (bps), as it chose to maintain its...
The Fed might give the global economy a break in December
The US Federal Reserve central bank raised its benchmark interest rate by 75 basis points on Nov 2, while signaling it was willing to slow down the pace of rate hikes as the economy cooled. The announ...
Bitcoin price hits $20.8K as volatility ensues over Fed 75-point rate hike
Bitcoin (BTC) saw instant volatility on Nov. 2 as the United States Federal Reserve enacted a fourth consecutive 0.75% interest rate hike. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView F...
Fed hikes interest rates again, but Europe and UK are even worse
Another day, another interest rate hike from the Federal Reserve. What’s new? It’s safe to say that the daddy of all bull runs, roaring since the Great Financial Crisis of 2008, is now over. How high ...
Bitcoin Price Eyes Fresh Upside Break After Fed Interest Rate Hike
Bitcoin price dipped a few points against the US Dollar after the fed rate hike. BTC remained supported and might eye a fresh increase above the $20,500 resistance. Bitcoin corrected further lower and...
Bitcoin Holds Steady at $20,000 Level as The Fed Hikes Rates as Expected
The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points to a range of 3.75% to 4%, a move that market participants, including cryptocurrency traders, highly expecte...
$1000 Bitcoin Price Fluctuations Following the Latest Fed Interest Rates Hike: Market Watch
The latest Federal Reserve interest rate hike brought more volatility for bitcoin as the asset dipped to $20,000. Several altcoins, including MATIC, Flow, and Filecoin, have skyrocketed by double digi...
Fed Chair Jerome Powell Hints At Slower Rate Hike In December
U.S. Federal Reserve chairman Jerome Powell said in the FOMC press conference the Fed is strongly committed to restrict inflation. He said that at some point down the line, it will become appropriate ...
Guggenheim’s Minerd Sees No Fed Pivot, Expects Market ‘Damage’
(Bloomberg) — On the heels of the Federal Reserve announcing another 75-basis-point rate hike, Scott Minerd, global chief investment officer at Guggenheim Investments, said that the move was not...
Here’s What More Crucial Than Fed Rate Hike
The global markets have their eyes set on the U.S. Federal Reserve as it announces the interest rate hike at the FOMC meeting today. The strong U.S. Dollar and recent Fed hawkish rate hikes have stret...
Bitcoin remains range bound as Fed enacts 4th consecutive 75 basis point rate hike
The U.S. Federal Reserve raised interest rates by 75 basis points (bps) after the Federal Open Market Committee (FOMC) meeting on Oct. 2, bringing the Federal Funds Rate to 3.75 – 4%. Bitcoin reacted ...
Fed Chair Powell Says ‘Very Premature’ to Pause Interest Rate Hikes — Economist Warns It Will Crash Economy – Economics Bitcoin News
Federal Reserve Chairman Jerome Powell says that it is “very premature” to think about pausing rate hikes. “We have a ways to go,” he stressed. However, economist Peter Schiff warned that “Planned rat...
Stocks tank after Fed hikes by 0.75%, Powell pushes back against pivot
U.S. stocks slid in volatile trading Wednesday afternoon following a move by the Federal Reserve to raise its benchmark policy rate by 75 basis points for a fourth straight time — on par with market e...
Fed Chair Jerome Powell—Haunted By The Ghost Of Paul Volcker—Could Tank The Economy
Federal Reserve Chairman Jerome Powell (right) is a big fan of the late Paul Volcker, the Fed chairman who ruthlessly crushed inflation in the early 1980s. L to R: Scott J Ferrell/Congressional Quarte...
Fed Chair Calls Housing Market “Very Overheated”
Fed chair Jerome Powell, sees that the U.S. housing market is under stress and thinks that may be … [+] necessary for the economy. (Photo by Tim Boyle/Getty Images) Getty Images Jerome Powell sa...
Fed approves another jumbo interest-rate hike but also signals go-slower strategy
The Federal Reserve on Wednesday approved the fourth straight jumbo increase in a key U.S. interest rate and signaled rates are likely to go higher than previously forecast. Yet the central bank also ...
Bitcoin and Ethereum Pop, Then Drop As Fed Chair Jerome Powell Details Future Pace of Rate Hikes
Bitcoin, Ethereum and the crypto markets at large are experiencing a sharp increase in volatility as Federal Reserve Chair Jerome Powell details the future of interest rate hikes in the US. After rais...