Topline New weekly jobless claims rose to the highest level of the year last week despite projections they would remain near historically low levels—signaling more waves of layoffs could be on the way...
Tag: Fed
S&P, Nasdaq, Dow trade mixed as investors brace for a swift Fed tightening cycle
The Dow Jones Industrial Average closed marginally down on Wednesday, March 8, as the market battled to recover from Tuesday’s selloff. In particular, the closing price for the Dow was 32,798.41, a d...
Stock market could ‘take it hard’ as expectations grow for a 6% fed funds rate
U.S. stock investors are clearly not too happy with what Federal Reserve Chairman Jerome Powell has said in the past two days. And there’s reason to think they’ll get even more dissatisfied in the wee...
Fed may stutter-step at end of interest rate hiking cycle for first time since 1990
U.S. financial markets are taking a more cautious approach as they forecast future Federal Reserve interest-rate decisions after Chair Jerome Powell said policymakers will likely need to raise interes...
Top economist Mohamed El-Erian blames the Fed for bad messaging and stock volatility
Economists are unhappy with persistently high inflation and how the Federal Reserve is addressing it. Since the start of 2022, the Fed has hiked interest rates eight times, most recently in February. ...
Wall Street’s most successful hedge fund just politely told Fed Chair Jay Powell to shut up
If there was one piece of advice the boss of hedge fund Citadel LLC would give to the Federal Reserve, it would be to stop talking so much. Every time Fed Chair Jay Powell opens his mouth to discuss a...
Fed Chair Ponders Potential for Digital Dollar to Send Bitcoin to Zero
U.S. Congressman Stephen Lynch (D-MA) expressed concern Wednesday over the possible impact of a central bank digital currency (CBDC), asking Federal Reserve Chairman Jerome Powell to ponder the potent...
Fed Chair Warns of Higher Interest Rates Than Previously Anticipated, Faster Hikes – Economics Bitcoin News
Federal Reserve Chairman Jerome Powell has warned that “the ultimate level of interest rates is likely to be higher than previously anticipated.” In addition, if faster tightening is warranted, the Fe...
The Fed Is About To Crash Bitcoin and Crypto Markets, Says Analyst Nicholas Merten – Here’s Why
A widely followed crypto analyst says that the actions of the U.S. Federal Reserve will crash Bitcoin (BTC) and the crypto markets in general. In a new video update, Nicholas Merten, the host of DataD...
Bitcoin Falls as Hot Job Numbers Fuel Hawkish Fed Policy
The U.S. ADP Nonfarm Employment Change for February beat expectations, coming in higher than the 200,000 estimates at 242,000, indicating that wage growth will likely contribute to continued aggressiv...
Fed signals a sharp rate hike in March due to inflation — Here’s how Bitcoin traders can prepare
Like it or not, for crypto investors, the U.S. Federal Reserve policy on interest rate hikes and high inflation is the single most relevant measure for gauging demand for risk assets. By increasing th...
Wanted Ice Cream Scoopers – $23/hr – Yes, The Service Economy Is Booming
(Photo by Camerique/ClassicStock/Getty Images) getty Imagine my surprise when seeing this sign outside my local JP Licks Ice cream store in the Boston area. While certainly anecdotal, it still seems t...
Real Estate Has Lost Its Prime Engine
There’s no free lunch. Everything costs something, and most things measure their cost in money. So how does money measure its cost? In interest rates. And as everyone knows, the cost of money is going...
How High Will Fed Raise Rates? Powell Fuels Fears Rates Could Hit 6%
Topline One day after Federal Reserve Chair Jerome Powell caught investors off guard by striking a more hawkish tone than expected, the central banker is set to give the U.S. House additional details ...
Watch Fed Chair Jerom Powell speak live in second day of Capitol Hill testimony
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell testifies Wednesday before the House Financ...
Dow Jones Futures RiseAfter ‘Faster’ Fed Chief Powell Hits Stocks; Tesla Falls On New Probe
Dow Jones futures tilted higher early Wednesday, along with S&P 500 futures and Nasdaq futures. CrowdStrike (CRWD) rallied overnight on earnings. Tesla stock fell on an analyst downgrade and a new...
Fed says interest rates poised to go ‘higher than previously anticipated.’ Here’s a simple way to profit from that
Fed Chair Jerome Powell testified before the Senate Banking, Housing and Urban Affairs Committee on Tuesday. mandel ngan/Agence France-Presse/Getty Images As part of the continued effort to reduce inf...
Vitalik dumps shitcoins before Fed confirms inflation not peaked
Vitalik Buterin timed the market’s next leg-down perfectly, selling up to $700,000 worth of shitcoins right before chair of the Federal Reserve, Jerome Powell testified in front of the Senate Banking ...
Fed Chairman’s Testimony Sparks Crypto Sell-Off, BTC Falls to $22K
Bitcoin fell below $22,000, a three-week low. Fed Chairman’s hawkish remarks sparked the crypto sell-off. Traders fear US interest rate hikes and higher “terminal rate.” The cryptocurrency data tracki...
Fed: Jerome Powell opinion upset Bitcoin price
Yesterday, Fed Chairman Jerome Powell’s words upset the markets and eventually also sent Bitcoin’s value down. The words of Fed chief Jerome Powell affect Bitcoin Two of the most critical points of hi...
Stocks Reel From Recession, Fed Rate Bets: Markets Wrap
(Bloomberg) — Global stock markets struggled on Wednesday, after comments from Federal Reserve Chair Jerome Powell boosted interest rate wagers, drove up Treasury bond yields and revived fears t...
Nasdaq 100 index, QQQ stock forecast: don’t fight the Fed
The Nasdaq 100 index and Invesco QQQ stock got a rude wake-up call on Tuesday. After rising to a year-to-date high of $12,862, the tech-heavy index has retreated by more than 6.7% to $12,160. It remai...
In a ‘Real World’ of Credit, Money Is Never Remotely ‘Free’
A recent opinion piece referenced a time in the not-too-distant past when money was “virtually free.” This was before Fed Chairman Powell supposedly brought “real world” to the cost of credit. Readers...
Bitcoin Falls 1.7% as Fed Speech Turns Hawkish
The CME’s Fedwatch Tool increased its prediction that the Federal Reserve will raise the federal funds rate by 50 basis points at its Open Markets Committee meeting later this month after a speech by ...
Markets trade down after Fed chair’s comments, Grayscale recovers amid hearing
Crypto markets whipsawed throughout the day after U.S. Federal Reserve Chair Jerome Powell’s delivered testimony to Congress. Bitcoin was trading around $22,070 by 4:55 p.m. EST, down abou...
Bitcoin Rebounds Above $22K, Equities Struggle After Fed Chair Powell Says Rates Are ‘Likely to Be Higher’
Most other major cryptos were largely in the red, aligning with equities markets, which also wrestled with Powell’s remarks. The S&P 500, Wall Street’s benchmark equity index, closed down 1....
Dow Falls Nearly 600 Points As Fed Chair Powell Warns More Severe Rate Hikes On Deck
Topline Federal Reserve Chair Jerome Powell struck a more hawkish tune than expected during his semiannual report to Congress on Tuesday, saying the central bank will continue to up the temperature on...
Fed Chair Jerome Powell: Crypto ‘Turmoil, Fraud, Run Risk’ Is Being Monitored
Federal Reserve Chairman Jerome Powell today said that the crypto space needs to be monitored closely because it is full of turmoil—but innovation in the world’s biggest economy should not be stifled....
Aggressive FED action could rock BTC market
Fed Chair Jerome Powell has signaled that the U.S. central bank’s hawkish stance on rates will continue unabated. Tight rates may hit crypto prices, including bitcoin. Same policy going forward In his...
Dow Falls 500 Points As Fed Chair Powell Warns More Severe Rate Hikes On Deck
Topline Federal Reserve Chair Jerome Powell struck a more hawkish tune than expected during his semiannual report to Congress on Tuesday, saying the central bank will continue to up the temperature on...
European Markets Flat amid Impending Fed Chair Comments
European markets remained flat on Tuesday as all eyes are on Jerome Powell’s imminent congressional statement. European markets are currently flat as investors await the congressional testimony by Fe...