(Bloomberg) — The Federal Reserve can’t pause its campaign of monetary policy tightening once its benchmark interest rate reaches 4.5% to 4.75% if “underlying” inflation is still accelerating, M...
Tag: Fed
Latest Forecasts Hint At Bleak November CPI Inflation Report
Recent nowcast data suggests the next CPI report showing inflation trends for the month of October … [+] may not be what the Fed wants to see. Photographer: Al Drago/Bloomberg © 2022 Bloomberg F...
Fed Vice Chair warns banks about crypto liquidity, urges stablecoin regulation
Federal Reserve Bank Vice Chair Michael Barr said that banks accepting crypto deposits should be aware of their increased liquidity risks in an Oct. 12 speech published on Oct. 17. Barr stated that th...
Peter Schiff Warns Fed Action Could Lead to Market Crashes
Fed action could lead to a Massive Financial Crisis, Severe Recession Fed didn’t get inflation back down to 2% Schiff recently settled with Puerto Rico’s financial regulator According to Gold Bug an...
Is the Fed Bitcoin’s Worst Enemy Right Now?
In late September, the Fed made the decision to hike rates once again. Joe Biden and the democrats in office have contributed greatly to inflation and other problems due to their lackluster and outrig...
September Inflation Figures And Savers See Silver Lining For Rising Rates
Getty Images TL;DR • Inflation figures for September have been released and prices have risen by 0.4% for the month • This brings the annual rate down slightly to 8.2% from 8.3% in August • Rates are ...
Fed Pivot May Not Bring Immediate Relief to Bitcoin
“Few are asking, ‘what happens if pivot?’ – perhaps a better question is: When sustainable bottom? In other words, this is not March 2020; a recessionary bear market takes longer to ...
Economist Peter Schiff Warns Fed Action Could Lead to Market Crashes, Massive Financial Crisis, Severe Recession – Economics Bitcoin News
Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as ...
The Fed Has Another Problem. States Are Doling Out Stimulus Funds
A spending spree is coming, and it may do more harm than good. An analysis by Deutsche Bank economists shows that 20 U.S. states have recently enacted, or are in the process of enacting, stimulus prog...
Fed Governor shows skepticism regarding utility of a US CBDC
A Federal Reserve governor is not ready to accept that it is good for the United States to grow a CBDC. Christopher J. Waller, a member of the Fed’s Board of Governors, gave a speech in Harvard Natio...
Fed governor Waller says US CBDC would not enhance things the world loves about US fiat
A United States central bank digital currency (CBDC) would not enhance the qualities of the U.S. fiat dollar that foreign companies value most, U.S. Federal Reserve Board governor Christopher Waller i...
Fed Governor Christopher Waller Says US CBDC Not Necessary for Dollar’s Supremacy
Federal Reserve Governor Christopher Waller on Friday expressed his hesitation towards the creation of a U.S. central bank digital currency, saying that the digital currency is likely not important to...
Fed Governor Christopher Waller is against US CBDC; Tether gets rid of commercial paper reserves
The biggest news in the cryptoverse for Oct. 14 includes Tether reducing commercial paper reserves to zero, Bitcoin surging above $19,000 following a decline after CPI data and Mango Markets voting to...
Atlanta Fed President Discloses Trades ‘Inadvertently’ Made During Blackout Periods—Prompting Latest Fed Investigation
Topline More than two years after the trading activity of Federal Reserve officials came under heavy scrutiny, Atlanta Fed President Raphael Bostic has come forth disclosing a series of transactions h...
Bitcoin Traders Are Trying to Ignore the Fed
It appears bitcoin and crypto traders are doing their best to ignore any upcoming rate hikes set to be instituted by the Fed and that they are working hard to get past all the damage that’s already be...
Fed Swaps $9 Billion to Swiss National Bank, Bail Out For Credit Suisse? – Trustnodes
The Federal Reserve Banks have extended $6.3 billion to the Swiss National Bank through the Dollar Liquidity Swap line. That’s after swapping $3.1 billion last week, with Credit Suisse announcing shor...
Fed’s benchmark interest rate may peak above 5% after Sept inflation data, some economists think
When the Federal Reserve started to raise its benchmark policy interest rate by super-sized 0.75 percentage points in June this year, a few Fed officials and private sector economists talked about how...
Bitcoin slumps after CPI release; Fed Vice Chair warns banks on crypto company deals
The biggest news in the cryptoverse for Oct. 13 includes Bitcoin falling by 3% as CPI data of 8.2% worsen fear of rate hikes, Binance allegedly filing inadequate financial reports in the UK, STEPN den...
Fed Vice Chair urges banks to deal cautiously with crypto firms
The Federal Reserve System’s Vice Chair for Supervision Michael Barr has called on federally regulated banks to be cautious while providing services to crypto firms. Barr, speaking at DC Fintech Week ...
You are fighting the Fed with Discover Financial
Royalty Pharma PLC: “I like it, and I’m going to stick with it. It’s not big, but it’s not bad.” Tellurian Inc: “It’s at $2, and stocks stop at $0. They don&#...
Fed Officials anticipates higher rates to remain in place, meeting minutes show
Federal Reserve Officials are astonished looking the speed of inflation and specified at their last meeting that they anticipate more interest rates to be in place till prices come down, as per the mi...
Core US Inflation Rises to 40-Year High, Securing Big Fed Hike
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg A closely watched measure of US consumer prices rose by more tha...
Custodia Bank sues the Fed over ‘favoritism’ after U.S. oldest lender received approval to offer crypto
United States digital assets bank Custodia Bank has filed a lawsuit alleging ‘favoritism’ after authorities allowed mainstream lender BNY Mellon to offer crypto services. In the lawsuit filed before ...
IMF’s Georgieva Warns Central Banks to Hoard Reserves, Follow Fed Hikes
“Do not waste your reserves to protect your currency,” IMF Managing Director Kristalina Georgieva said during an on-stage discussion at the organization’s annual meeting in Washington, D.C. R...
Inflation Spiked 8.2% In September In ‘Nightmare Scenario’ For Fed
Topline As the threat of prolonged inflation threatens additional rate hikes tanking sectors of the market, consumer prices rose 8.2% in the 12 months ending in September—slowing down for a third cons...
Fed Expects High Rates to Continue, Increased Unemployment a Reality
Bitcoin’s price remained steady following the release of minutes from the Federal Reserve’s Sep. meeting, showing that the agency is unlikely to consider short-term easing of the Federal Funds Rate. T...
Custodia’s Caitlin Long Blasts Fed Over BNY Mellon Entering Crypto
BNY Mellon, the oldest and largest Wall Street bank, announcing its crypto custody service yesterday was bitter news for Caitlin Long. The founder and CEO of crypto bank Custodia spent 22 years on Wal...
Dow Jones Falls After Fed Minutes; Solar Stocks Fall; Microsoft’s $69 Bil Battle For Activision Continues
The Dow Jones Industrial Average ended a day of choppy trading with a 0.1% drop. The morning’s 0.2% uptick faded early, but the index built momentum after the Fed’s minutes release at 11 a...
How the Fed Might Slow Down
“Move fast and break things,” hasn’t been such a great corporate slogan lately. It might not be a very good slogan for Federal Reserve policy, either. Minutes to the Fed’s September rate-setting meeti...
Stock market’s wild gyrations put earnings in focus as inflation crushes Fed ‘pivot’ hopes
Unrelenting inflation has dashed hopes for a quick pivot away from aggressive interest rate hikes by the Federal Reserve, which in turn is undermining the U.S. corporate earnings outlook for 2023 and ...