The American politician and attorney serving as the junior United States Senator for Texas – Ted Cruz – introduced a bill restraining the Federal Reserve from launching a central bank digital currency...
Tag: Fed
Ted Cruz introduces companion to Emmer‘s bill to exclude Fed retail CBDC issue
Texas Senator Ted Cruz introduced companion legislation into the United States Senate on Wednesday for Minnesota Representative Tom Emmer’s bill that prohibits the Federal Reserve from issuing central...
What to expect from stocks once Fed starts to shrink balance sheet?
U.S. equities held their ground in March even after the central bank started raising rates. But that could change, as per Josh Brown, once the Fed begins shrinking its $9.0 trillion balance sheet. Bro...
Ted Cruz Introduces Companion Bill To Emmer’s: Concerns retail CBDC issuance by FED
Ted Cruz introduced a similar bill introduced by Tom Emmer back in January, related to CBDCs‘ direct issuance to individuals. It could be utilised as a surveillance tool that the Americans should nev...
Can Bitcoin withstand upcoming Fed rate hikes?
A forty-year high US inflation rate, skyrocketing energy prices, and indications that the US economic recovery may be damaged by the effect from sanctions against Russia over its invasion of Ukraine a...
Investors believe the biggest threat to the markets now is a Fed misstep, CNBC survey shows
Traders work on the floor of the New York Stock Exchange (NYSE) on December 08, 2021 in New York City. Spencer Platt | Getty Images (Click here to subscribe to the new Delivering Alpha newsletter.) A ...
Biden’s Fed picks are likely headed to Senate vote after partisan delay
The United States Senate will vote on President Joe Biden’s nominations to the Federal Reserve after delays instigated by Republican lawmakers. In a 50–49 vote on Tuesday, the Senate moved economist L...
US Lawmakers Pass E-Cash Bill That Replicates Physical Money, Leaving Aside the FED
A group of US lawmakers introduced this Monday the “E-CASH” Act, a bill directed to the US Treasury Department to encourage the entity to develop a digital version of the dollar. E-Cash Is not CBDC, b...
The Yield Curve Just Became More Inverted, Hinting At A 2023 Recession
NEW YORK, NEW YORK – DECEMBER 19: Traders work on the floor of the New York Stock Exchange (NYSE) as … [+] the Federal Reserve Board Chairman Jerome Powell holds a news conference on Decem...
Bonds Hint Recession As 50 Basis Point Fed Hike Bets Accelerate
U.S. Treasury bond yields were active again Monday, with benchmark 10-year notes breaching a key technical level that could triggered renewed bets on a near-term recession in the world’s biggest...
Bill proposes digital currency that replicates cash, bypasses the Fed
The Electronic Currency and Secure Hardware Act (ECASH Act), introduced today in the United States House of Representatives, could herald a new direction in government-sponsored digital currencies. Th...
Digital assets boost regardless of Fed announcing interest rates hike
Earlier this year, the Fed announced its interest rate hike and about ending the bond purchase of Pandemic time. The announcement directly affected the performance of crypto assets and global shares. ...
FED releases a report –
The US Federal Reserve recently published a research report regarding Stablecoins. Researchers Gordon Liao and John Caramichael studied the Stablecoins ecosystem and its effects on the current Financi...
Expectations grow that Fed will deploy jumbo-size rate rises
Expectations are rising that the US Federal Reserve will make jumbo, half-point interest rate increases this year, as central bank officials signal that they may soon need to step up efforts to reduce...
U.S Mortgage Rates Surge, with Inflation and the FED the Key Drivers
In the week ending 24th March, mortgage rates rose sharply for a second consecutive week. 30-year fixed rates jumped by 26 basis points to 4.42%. In the week prior, 30-year fixed rates surged by 31 ba...
Big Cryptocurrencies Hold Price Support Levels And Then Rally
Montreal, Canada – 28 February 2018: Stacked cryptocurrency coins (Bitcoin, Ethereum, Litecoins) getty Bitcoin, Ethereum and XRP managed to hold above key price support levels during March and h...
Goldman, BofA See Fed Going Big on Rate Hikes
Federal Reserve Chairman Jerome Powell made clear in a talk this week that he’s open to 50-basis point increases in interest rates, if necessary. The Fed is reacting to rampant inflation, with consume...
Treasury Yields Surge as Fed Traders Price In Even More Hikes
(Bloomberg) — Swaps traders priced in a full two percentage points of additional Federal Reserve interest-rate hikes for 2022 as Treasury yields surged anew on Friday, led by the short end of th...
Powell-Backed Yield Curve Gives Fed Leeway to Go Max Hawkish
(Bloomberg) — Jerome Powell had a simple response this week for doomsayers who point to scary Treasury-market moves as evidence that the Federal Reserve will tip the economy into recession throu...
If the Fed Pulls This Off, It’s Party Time
Text size College students party at the beach during spring break on South Padre Island, Texas. Brandon Bell/Getty Images Party like it’s 1994? Rather than 1999, the year made famous by Prince’s purpl...
Has The Fed Heightened Geopolitical Risk?
WASHINGTON, DC – JULY 15: Federal Reserve Board Chairman Jerome Powell appears for testimony before … [+] the Senate Banking, Housing, and Urban Affairs Committee July 15, 2021 in Washingt...
Fed Governor Says ‘Blockchain Is Totally Overrated,’ Claims Crypto Is ‘Just Electronic Gold’ – Bitcoin News
The American economist and member of the Federal Reserve Board of Governors, Christopher Waller, believes blockchain technology is “totally overrated,” even though the U.S. central bank “put a lot of ...
Surging Stock Markets Turn a Blind Eye to Fed at Their Own Risk
(Bloomberg) — Neither war, disease nor inflation are proving capable of preventing American stocks from doing what they’ve almost always done for 13 years: go up. How policy makers devoted to ge...
Dow ends 350 points higher as Biden touts NATO response to Russia-Ukraine war, Fed speakers
U.S. stocks closed higher Thursday afternoon, as world leaders met to respond to Russia’s invasion of Ukraine and investors monitored remarks by Federal Reserve officials. Technology and communication...
Blockchain ‘totally independent’ of Fed pivot: crypto investor Dan Morehead
The Federal Reserve’s pivot toward higher interest rates in the face of rising inflation has introduced volatility in financial markets, but one crypto investor says blockchain projects — and bitcoin ...
Tight March labor report could lead Fed to a 50-basis point rate hike
CNBC’s Jim Cramer on Friday warned that a 50-basis point rate hike could be coming if the March labor report set to be released next Friday reveals a tighter-than-ever job market. “I fear ...
Fed has ‘lost a lot of credibility’ by not raising rates sooner: Strategist
The Federal Reserve announced that it would raise its benchmark Federal Funds Rate target range to between 0.25% and 0.50% last Wednesday in a long-awaited move seeking to combat decades-high inflatio...
Bitcoin clings to $43K as Fed signals up to 7 rate hikes in 2022
Bitcoin (BTC) continued to fight for $43,000 support at the Wall Street open on March 24 amid fresh jitters tied to United States economic policy. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradi...
History shows investors should stick to profitable companies if Fed tightens inflation action, Jim Cramer says
CNBC’s Jim Cramer on Thursday advised investors to invest in profitable companies if the Federal Reserve institutes a half-point double rate hike, using an analysis of the Fed’s last doubl...
Bitcoin Jumps Despite Fed Rate Hike
Bitcoin has shot up beyond the $40,000 mark once again. This goes against what everyone has been saying for several weeks – that another rate hike instituted by the Fed will cause the world’s number o...
US Fed Chair Powell Says Crypto Needs New Rules
U.S. Federal Reserve Chair Jerome Powell said that the crypto market would require new rules, as the existing regulatory framework can’t take into account the innovations of the market. Powell was spe...
Fed Chair Powell Says Crypto Requires New Rules, Citing ‘Threats’ To US Financial System
Federal Reserve Chairman Jerome Powell emphasized on Wednesday that technology transformation is here to stay in the financial sector and that new regulations will be required. Powell revealed some in...