CNBC’s Jim Cramer on Thursday said that the rapid slide in the cryptocurrency market shows that the Federal Reserve is making progress in its arduous struggle to tamp down inflation. “Ther...
Tag: Feds
Inflation will probably fall, but it won’t be the Fed’s doing: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, June 28, 2022 Today’s newsletter is...
Feds Reportedly Search Trump DOJ Official Jeffrey Clark’s Home
Topline Federal law enforcement agents on Wednesday searched the home of Trump-era Department of Justice lawyer Jeffrey Clark, whose push to pursue shaky voter fraud claims following the 2020 election...
Bitcoin price rises to $20.7K as Fed’s Powell says more rate hikes ‘appropriate’
Bitcoin (BTC) checked losses while United States equities drifted down on June 22 as the Federal Reserve kept quiet on monetary policy. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powe...
Bitcoin Dips Below $20K as Fed’s Chair Powell Addresses Senate
Bitcoin wavered at its $20,000 support level again as Federal Reserve Chairman Jerome Powell testified in front of US Congress on Wednesday. He promised to continue fighting inflation by raising inter...
Watch Powell’s testimony to Congress on the Fed’s inflation fight, state of the economy
[The stream is set to start at 9:30 a.m. ET] Federal Reserve Chair Jerome Powell on Wednesday began two days of testimony in front of Congress. The central bank chief is expected to provide updates on...
Oil Steadies as Traders Weigh Outlook for Demand, Fed’s Path
(Bloomberg) — Oil steadied in Asia — after plunging almost 7% on Friday — as traders weighed prospects for higher near-term demand against concerns that aggressive US monetary tighte...
Sam Bankman-Fried blames Feds for the crypto downturn
Sam Bankman-Fried, CEO of FTX, alleges that the Feds are driving the crypto downturn. The last few weeks have seen cryptos collapsing. The wealthy merchant told the media that the Fed is raising inter...
Fed’s Waller backs another jumbo interest-rate hike in July
Federal Reserve Gov. Christopher Waller said Saturday that he would like to see another 75 basis point interest rate hike at the next policy meeting in late July. Waller supported the Fed’s decision t...
What the Fed’s biggest rate hike in decades means for the bear market in bonds
Historically bad. That’s how the mammoth $53 trillion U.S. fixed-income market has performed this year as the Federal Reserve works to curtail high inflation threatening to wreck the economy. To turbo...
Bitcoin Plunges Below $20,000 After Recent Fed’s Historic Rate Hike
Yuri Molchan King crypto has gone below the $20,000 level, losing its price milestone achieved five years ago Bitcoin has finally lost the crucial level of $20,000 where it had been holding for a whil...
Here are three things the Fed’s done wrong, and what’s still not right
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., June 14, 2022. Sarah Silbiger | Reuters After years of being a beacon for financial markets, the Fede...
Fed’s Powell says a U.S. CBDC could maintain the dollar’s international standing
The Federal Reserve chair Jerome Powell has stated that a central bank digital currency version (CBDC) of the U.S. dollar will be significant in sustaining the dollar’s global dominance at a period ot...
What does the Fed’s interest rate hike mean for commodities prices?
In its June 14-15th meeting, the Federal Reserve hiked interest rates by 75 bps to a range of 1.5% – 1.75%. This was above Chairman Powell’s planned hike of 50 bps, and the largest increase since 1994...
Bitcoin Touches $21K amid Fed’s Interest Rate Hike Hitting a 28-Year High
Bitcoin (BTC) was up by 2.90% in the last 24 hours to hit $21,782 during intraday trading, with news about the Federal Reserve’s interest rate increase of 75 basis points (bps) making airwaves. The Fe...
Why stocks and bonds went into relief-rally mode after Fed’s jumbo rate hike
Financial markets suffered an absolute bloodbath in the days leading up to Wednesday’s Federal Reserve decision, with stocks plunging and bond yields soaring in the wake of surprisingly hot inflation ...
US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994 – Economics Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
Here’s what the Fed’s highest rate hike in 28 years means for you
What the federal funds rate means to you The federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. Although that’s n...
Will Fed’s Rate Hike Pull Bitcoin Price To Hit $13k ?
Today Bitcoin (BTC) price tumbles again. All this price action is seen ahead of the Federal Reserve’s highly expected rise in interest rates today. At the moment, Bitcoin is trading at $21,130 with a ...
Is Fed’s Interest Rate Hike the Biggest Impediment to Bitcoin’s Bullish Outlook?
With speculations high that the Federal Reserve (Fed) will increase the interest rate by 75 basis points (bps) on June 15 to tame inflation, this might dent Bitcoin’s bullish outlook as the leading cr...
Fed’s inflation battle to worsen market turmoil: Canaccord’s Dwyer
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “...
How the Feds Are Prosecuting NFT Insider Trading Scheme as Wire Fraud – and Why That Matters
According to the indictment, Chastain took advantage of the way OpenSea promotes NFTs on its site. Multiple times per week, OpenSea lists “featured NFTs” on its homepage. Featured NFTs usually appreci...
Feds Reportedly Launch Criminal Probe Into Wells Fargo Following Allegations Of Sham Job Interviews
Topline Federal civil rights prosecutors are investigating Wells Fargo’s hiring practices, the New York Times reported Thursday, weeks after the paper revealed some Wells Fargo managers had conducted ...
Feds Charge California Man With Attempted Murder Of Brett Kavanaugh
Topline An armed man who was arrested outside the home of Supreme Court Justice Brett Kavanaugh in the early hours of Wednesday morning has been charged with attempted murder, with federal authorities...
How did the crypto community react to the Fed’s showing bitcoin instability using the Egg analogy?
The Federal Reserve has been seen showing its stance against the instability of bitcoin and proving that the US dollar is better by all means On 7th May, the crypto community experienced a weird insta...
Fed’s Mester says half-point rate hikes are needed to fight inflation
Cleveland Federal Reserve President Loretta Mester said Friday that she doesn’t see ample evidence that inflation has peaked and thus is on board with supporting a series of aggressive interest ...
Bitcoin: Fed’s hawkish view may be scary but here’s why BTC will survive
Bitcoin can’t seem to catch a clean break ever since it crashed to its current range in mid-May. That remains the same narrative today after the Federal Reserve commenced its quantitative tightening m...
Crypto’s Rise Could Change Fed’s Monetary Policy, Says Top Bank Exec
John Williams – President and CEO of the Federal Reserve Bank of New York – believes the institution should closely monitor the transformations of the cryptocurrency industry and, if needed, make nece...
Analysts see lowest grades for Bank of America and JPMorgan in Fed’s stress test
Bank of America Corp. and JPMorgan Chase & Co. emerged with the lowest marks among the overall passing grade for banks in the Fed’s annual stress test, analysts at Jefferies and Citigroup said Fri...