The week started with the US dollar soaring through the roof. The safe haven briefly crossed its 20-year highs against multiple currencies as the Fed indicated high-interest rates for some more time. ...
Tag: Fed
Bitcoin stays below US$20,000 Monday morning after Friday Fed shock
Bitcoin and Ether fell Monday morning in Asia, along with all other cryptocurrencies in the top 10 by market capitalization. The slump continues a slide over the weekend after U.S. Federal Reserve Cha...
Fed Chair Powell’s Comments Are Reason For Optimism, Not Fear
Federal Reserve Chair Jerome Powell (Photo by Win McNamee/Getty Images) Getty Images Forget Jerome Powell’s “pain” forecast and the stock market’s 1000-point drop. The signific...
Elizabeth Warren ‘Very Worried’ Fed’s Interest Rate Hikes Could Spark A Recession
Topline Sen. Elizabeth Warren (D-Mass.) said Sunday she is “very worried” the Federal Reserve’s moves to fight inflation will “tip the economy into recession,” after Fed Chair Jerome Powell warned eco...
Bitcoin Briefly Slips Below $20K amid Fed Chair’s Revelation that Rate Tightening will Continue
Bitcoin (BTC) nosedived below the psychological price of $20,000 as recession, and rate tightening fears engulfed the market. The leading cryptocurrency hit lows of $19,946, a scenario is last seen in...
$1.25T Wiped off U.S. Equities Markets After Fed Speech, Losses Surpass Crypto Market Cap
As Chairman of the Federal Reserve Jerome Powell announced tighter measures to bring down inflation, U.S. stocks tanked, with bitcoin briefly hitting a one-month low. The Dow Jones Industrial Average ...
Markets whipsaw following Jerome Powell’s hawkish speech at Jackson Hole
Crypto prices swung on Friday as Fed chair Powell spoke about the pain of inflation. Crypto prices rose in the hour leading up to the speech, bitcoin was trading a little higher than $21,800 and ether...
BTC Downside Predicted From The Hawkish Fed Comments
BTC and stocks sold off after comments from the Federal Reserve BTC Price at the time of writing – $20,241.80 Feds are committed to lowering inflation rates in the U.S. A $750 siphon on Aug. 26 took B...
Ethereum Price Plummets 9% As Fed Chair Passes Hawkish Remarks
The crypto community has witnessed another price plunge after the just concluded Federal Reserve annual meeting. Many investors already anticipated a new turn in asset prices after Jerome Powell spoke...
BofA Says Investors Wary of Fed Pull Money From Stocks and Bonds
(Bloomberg) — Investors are rushing out of stocks and bonds alike as they worry about the economic risks from the Federal Reserve pressing on with rate hikes, according to Bank of America Corp. ...
Crypto And Share Market Reaction After FED Chairman’s Speech
Fed chairman Powell addressed the current inflation phase in his annual speech at Jackson Hole. The measures of inflation will include increased interest rates. The speech by Powell affects the global...
Fed chief Powell ‘did what he needed to do’ in Jackson Hole, Larry Summers says
“ ‘The Fed is positioned as well as it can be — given the credibility losses and mistakes that there have been — with these remarks to manage things going forward.’ ” — Larry Summers Former U.S. Treas...
Fed’s Powell sparked a 1,000-point rout in the Dow. Here’s what investors should do next.
Now might be the time to consider hiding out in short-dated Treasurys or corporate bonds and other defensive parts of the stock market. On Friday, Federal Reserve Chairman Jerome Powell talked of a wi...
This Week in Coins: Bitcoin, Ethereum Sink on Freaky Fed Friday
This week in coins. Illustration by Mitchell Preffer for Decrypt. The crypto market was having an uneventful week amid these late-summer doldrums—until Friday, when the world’s leading cryptocurrency ...
Bitcoin Slips Below $20,000 After Fed Chair’s Comments in Jackson Hole
Bitcoin (BTC) continued its bearish action on Friday night and slipped below the key $20,000 mark to $19,907, according to CoinMarketCap. It’s a monthly low for August and the first time Bitcoin...
Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns
“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sh...
Fed Chief Talks Tough on Inflation. There’s More Pain Ahead for the Stock Market.
From left: Fed officials Jerome Powell, Lael Brainard, and John Williams ponder the great outdoors during a break at the economic symposium at Jackson Hole. David Paul Morris/Bloomberg Text size Grand...
Fed Can’t Fix Fiscal-Driven Inflation: Jackson Hole Paper
(Bloomberg) — The Federal Reserve won’t be able to curb inflationary pressures because they are rooted in expansionary fiscal policy, according to a paper presented at the central bank’s annual ...
BTC, ETH have had a difficult 24 hours; Fed Chair Powell to blame?
The cryptocurrency market declined with the broader financial markets as of 26 August. This decline followed the hawkish remarks made by Federal Reserve Chair Jerome Powell at the Fed’s Jackson Hole, ...
Fed needs to raise rates to 4% and ‘hold them there’
Cleveland Fed President Loretta Mester says the Federal Reserve needs to continue raising interest rates and hold them at higher levels to get inflation under control. “There’s still a lot of in...
Hawkish Fed comments and Bitcoin derivatives data point to further BTC downside
A $750 pump on Aug. 26 took Bitcoin (BTC) from $21,120 to $21,870 in less than two hours. However, the movement was completely erased after comments from U.S. Federal Reserve Chair Jerome Powell reite...
Fears Return As Fed Warns Americans Of ‘Some Pain’ As Economy Braces For More Job Cuts
Topline Though they had recently cooled, fears of an impending recession once again escalated Friday after Federal Reserve Chair Jerome Powell warned economic growth will suffer as the central bank wo...
Bitcoin Price Crumbles After Powell Says Fed Rates May Continue To Increase
Bitcoin price dropped about 5% to $20,822 after Federal Reserve Chairman Jerome Powell spoke at Jackson Hole, Wyoming, on Friday, stating that the central bank will “use its instruments decisively” an...
Bitcoin Tanks After Powell Says Fed May Keep Raising Interest Rates
The price of Bitcoin took a hit this morning, falling near $20,000, after Federal Reserve Chair Jerome Powell said the U.S. central bank may well keep raising interest rates. At the time of writing, ...
Crypto & Stock Markets React to Fed Chair Powell’s Speech on Upcoming Measures to Fight Inflation
Fed Chairman Jerome Powell addressed inflation and the steps that will be taken to reduce it in today’s speech in his annual speech at Jackson Hole. Powell shared that the current inflation rate in th...
Bitcoin price taps $21.3K ahead of Fed Chair Powell Jackson Hole speech
Bitcoin (BTC) fell to daily lows on Aug. 26 as market nerves heightened into new macro triggers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Pre-Fed blues hit BTC markets Data from Coi...
Dow Jones Futures: Market Rally Feels Fed Chief Powell’s ‘Pain’; What To Do Now
Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally suffered significant losses for a second straight week, with Federal Reserve ch...
BTC drops to near $20,700 after Fed Chair Powell’s speech
Bitcoin fell almost 5% to $ 20,822 after Federal Reserve Chairman Jerome Powell spoke at Jackson Hole on Aug. 26, saying that restoring inflation back to ideal levels will take time. Powell briefly sp...
Here’s where the Fed will hit you the hardest and what you can do about it
Interest rate hikes will continue ‘until the job is done,’ says Powell: Here’s where the Fed will hit you the hardest and what you can do about it More pain is likely still to come, ...
Crypto Market Anticipates Bitcoin Lows Ahead Of Fed Meeting
In the last 24hrs, the global crypto market cap has plummeted by 1.28% as the first two cryptocurrencies Bitcoin and Ethereum have dropped by 0.75% and 2.67% respectively. However, to understand furt...
Bitcoin Falls to $19.6K as Investors Continue to Mull Fed Chair’s Comments
The largest cryptocurrency by market capitalization was recently trading at $19,600, down more than 2% over the previous 24 hours. Ether, the second largest crypto in market value was recently changin...