Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures, heading into a massive week of earnings from Apple to Tesla as well as a key Federal Reserve meeting. ...
Tag: Fed
Here’s why the Fed isn’t very optimistic about a U.S dollar CBDC despite benefits
After being in the pipeline for quite some time, the U.S Federal Reserve’s white paper on the development of central bank digital currency (CBDC) was finally released on Thursday. The Fed has stated i...
Fed chair Powell doubles down on continued survival of private stablecoins — as long as they are better regulated
Jerome Powell, the recently re-confirmed chair of the Federal Reserve, has reaffirmed his belief that a digital dollar should not drive private stablecoins out of the market Following a Senate hearing...
For Joe Biden, the Fed will act as a shield against inflation
In an interview this Wednesday, US President Joe Biden got to the heart of the main issue, inflation. Joe Biden on inflation In fact, according to reports, Biden’s position is that the Fed will act ...
Digital Dollar’s Benefits Could Affect Financial Stability & Privacy: US Fed
The US Federal Reserve said that the introduction of an official digital version of the U.S. dollar could benefit Americans but it may also potentially affect financial stability and privacy. Although...
Puerto Ricans are fed up with wealthy crypto ex-pats
The arrival of crypto millionaires to Puerto Rico has locals fearful of getting displaced. Wealthy ex-pats, particularly those who made their fortune in cryptocurrency, are flooding the Caribbean isla...
The Fed opens the debate on the digital dollar
The US Federal Reserve (Fed) last Thursday published a paper entitled “Money and Payments: The US Dollar in the Age of Digital Transformation”. The paper opens an initial public debate on whether or n...
The Fed Publishes A Discussion Paper
The Chinese Central Bank is rolling out a digital yuan into production to coincide with the Winter Olympics, the Fed is producing a discussion paper. 250 million people have downloaded the wallet app ...
U.S. Fed Releases New Whitepaper for CBDC Digital Dollar, Kickstarts Debate
On Tuesday, January 20, the U.S. central bank aka the Federal Reserve kickstarted the debate about the central bank digital currency (CBDC) aka Digital Dollar by releasing a new whitepaper. This is qu...
Fed calls central bank digital coin a ‘highly significant innovation’
The Federal Reserve on Thursday issued its long-awaited paper exploring the benefits and negatives of a central bank digital currency (CBDC), as the debate over cryptocurrency regulation hits its stri...
New Fed paper hints that a US CBDC could compete with ‘private digital money’
Thursday proved Fed chair Jerome Powell right in that the US central bank’s long-awaited central bank digital currency (CBDC) paper was right around the corner. The 40-page paper represents a key step...
Fed Delivers Highly-Anticipated CBDC Report
Key Takeaways The U.S. Federal Reserve published a highly-anticipated report on CBDCs today after several delays. The paper discusses the pros and cons of a central bank digital currency, as well as p...
Fed Says Digital Dollar Could ‘Fundamentally Change’ The U.S. Financial System—But It’s Not Ready To Issue One Yet
Topline The Federal Reserve on Thursday released its highly anticipated report on the prospect of minting a central bank digital currency, or CBDC—outlining potential benefits and drawbacks of what co...
Fed releases long-awaited study on a digital dollar, but doesn’t take a position yet on creating one
Federal Reserve Board Chairman Jerome Powell speaking at a re-nomination hearing of the Senate Banking, Housing and Urban Affairs Committee, on January 11, 2022, in Washington, DC. Pool / Getty The Fe...
If the Fed wanted to stop inflation, it would need to hike rates to nearly 6%: expert
Interactive Brokers founder Thomas Peterffy says he is worried about the higher interest rates coming soon from a Federal Reserve behind the curve on inflation. “I am worried about high interes...
First Mover Asia: Fed Tightening, Economic Woes Continue to Spook Crypto Investors
Good morning. Here’s what’s happening: Market moves: Bitcoin and ether go down and then up; altcoin prices are mixed. Technician’s take: BTC appears oversold into the Asia trading day, but upsid...
Dual Bond And Stock Bear Markets Look Likely
A dual market selloff headline getty Everybody’s talking about higher inflation and rising interest rates, but are they worried? Not really. The Fed’s on the case, so investors are asking,...
Fed needs to ‘shock and awe’ the market with one big rate hike, Bill Ackman says
Billionaire hedge-fund manager Bill Ackman said the Federal Reserve needs to deliver old-fashioned “shock and awe” to financial markets by delivering a much larger onetime increase to benchmark intere...
Fed Needs Half-Point Rate Hike to Regain Credibility: Ackman
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Billionaire investor Bill Ackman says the Federal Reserve ...
Inflation And Interest Rates Rise
Fed’s inaction raises probability of scary inflation headlines getty The inflationary storm front is here, and yet the Fed just hints at beginning to let interest rates rise in the future. The F...
Roaring U.S. housing market may cool, keep climbing as Fed ends emergency support
U.S. home prices roared almost 20% higher in the past year, giving families who own properties a major boost to their finances during the pandemic. But Wall Street, a key source of home mortgage finan...
Big banks ready themselves for Fed rate hikes — which could be good and bad
The Federal Reserve hasn’t done anything with interest rates yet, but bank earnings released Friday show that the mere anticipation of a pullback in easy money policies is weighing on the industry. On...
Biden’s take for Fed Governors to be Economists, Sarah Bloom for supervision
President Joe Biden’s take on appointment for vacant Fed Governor’s seats was to be filled by Economists. In this regard, Economists Lisa Cook and Philip Jefferson have been approached. Also, Sarah Bl...
Get ready for the climb. Here’s what history says about stock-market returns during Fed rate-hike cycles.
Bond yields are rising again so far in 2022. The U.S. stock market seems vulnerable to a bona fide correction. But what can you really tell from a mere two weeks into a new year? Not much and quite a ...
The Fed is about to see a lot of new faces. What it means for banks, the economy and markets
Sarah Bloom Raskin Andrew Harrer | Bloomberg | Getty Images In what likely will be just a few months’ time, the Federal Reserve will look a lot different: Three new governors, a new vice chairma...
Why a falling dollar signals ‘markets are in wonderland’ over inflation and Fed
The U.S. dollar is offering up an early 2022 head scratcher: Why does the currency keep falling even as traders aggressively pencil in as many as four interest rate increases by the Federal Reserve th...
President Biden taps economists for Fed governors’ seats, Sarah Bloom Raskin as vice chair for supervision
The White House has officially tapped former Fed governor Sarah Bloom Raskin to serve as the vice chair for supervision for the Federal Reserve, as well as economists Lisa Cook and Philip Jefferson to...
Lael Brainard, picked for No. 2 Fed spot, pledges to use ‘powerful tool’ on inflation
Lael Brainard, President Joe Biden’s pick for the number two spot at the nation’s central bank, said the Federal Reserve stands ready to quell inflation through higher interest rates. “We do have a po...
The Fed Will Drive The Economy Into A Ditch If It Is Wrong About Inflation
Shipping containers stacked at the Port of Los Angeles. (Photo by Mario Tama/Getty Images) Getty Images Inflation is hitting very high numbers – CPI, for example, is at its highest level since 1982. B...
Biden to nominate Sarah Bloom Raskin as vice chair for supervision at Fed
Sarah Bloom Raskin, in her role as Deputy Treasury Secretary at the Treasury Department in Washington, October 2, 2014. Yuri Gripas | Reuters President Joe Biden will nominate Sarah Bloom Raskin to be...