A former senior executive at bankrupt crypto exchange FTX has met US federal prosecutors with a view of cutting an immunity deal. According to a new Bloomberg report, Nishad Singh, a former director o...
Tag: Feds
Fed’s No-Rate-Cut Mantra Rejected by Markets Seeing Recession
(Bloomberg) — Federal Reserve officials are making a full-court-press effort to convince investors they won’t be slashing their benchmark interest rate before year’s end. Most Read from Bloomber...
Fed’s Bowman says there’s ‘a lot more work to do’ to bring down inflation
Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019. Ann Saph...
Fed’s Powell won’t stop rate hikes until he ‘terrifies’ the wealthiest of investors, says this CIO
Investors are waking up to a whiff of positivity where stocks are concerned for Monday, after last week’s first gain in five that was prompted by weak wage growth Alongside a bleak Institute for Suppl...
Why a stock market obsessed with the Fed’s inflation fight should focus on Main Street jobs in 2023
Fortunes on Wall Street this year could hinge less on what’s happening to high-paid workers in San Francisco’s reeling technology sector and more on a familiar part of American life: the working class...
US Feds Launch FTX Task Force To Trace and Recover Stolen Investor Funds ⋆ ZyCrypto
Advertisement     The Manhattan US Attorney’s Office has created a task force to recover losses linked to the collapse of FTX. The move comes as embattled FTX co-foun...
Fed’s Bullard Says Falling Money Supply a Good Sign on Inflation
(Bloomberg) — A sharp decline in the M2 measure of the US money supply could be good news for policymakers in their efforts to bring high inflation under control, St. Louis Fed President James B...
Feds Move To Seize FTX’s Robinhood Shares As Sam Bankman-Fried Faces Fraud Charges
Topline Federal authorities have seized or are in the process of seizing more than $400 million worth of Robinhood Markets shares tied to bankrupt cryptocurrency firm FTX, a Justice Department prosecu...
Strange FTX Hack Upon Bankruptcy Finally Attracts US Feds
The US Department of Justice (DOJ) is reportedly probing an apparent hack worth $372 million on crypto exchange FTX as it filed for bankruptcy on Nov 11. Blockchain analytics unit Elliptic initially r...
Mango Markets Exploiter Avi Eisenberg Committed Fraud, Feds Say
Mango Markets attacker Avraham “Avi” Eisenberg has been charged with commodities fraud and market manipulation by US prosecutors from the Southern District of New York. He was arrested in ...
The Year in Crypto, 2022 Part 2: Ethereum Merges, Feds Sanction Tornado Cash, FTX Collapses
It’s a weird world when a developer is arrested for writing code, while an alleged fraudster who allegedly commingled $8 billion in user funds enjoys the holidays with his family. But that’...
Flight Cancellations Top 10,000 As Feds ‘Examine’ Airline’s Historic Winter Storm Woes
Topline Following a chaotic holiday travel weekend, shares of Southwest Airlines plunged Tuesday morning as the carrier faced backlash over thousands of flight cancellations spurred by one of the wors...
What the Fed’s December rate hike means for homebuyers and sellers
This article was originally published on Bankrate.com. The Federal Reserve has raised interest rates for the seventh consecutive time this year. This time, though, the hike is smaller: Fed Chairman Je...
Inflation Is Slowing Down, PCE Data, the Fed’s Preferred Measure, Shows
Inflation is slowing, but consumers aren’t spending as much as hoped this holiday season, data showed Friday. The core personal-consumption expenditures price index, or PCE deflator, was up 0.2% in No...
Fed’s preferred inflation gauge eased further in November
S&P 500 opened down again on Friday even after the U.S. Bureau of Economic Analysis said the core personal consumption expenditures price index continued to relax in November. What does it mean fo...
Dow Jones Futures Await Fed’s Favorite Inflation Report; Tesla Rises Late On Elon Musk Pledge
Dow Jones futures tilted higher overnight, along with S&P 500 futures and Nasdaq futures. The Federal Reserve’s favorite inflation gauge is on tap Friday morning, while Tesla stock rose late...
What To Expect From The Fed’s First Meeting Of 2023
Jerome Powell, chairman of the US Federal Reserve, takes a question during a news conference … [+] following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, D...
The US inflation slowdown isn’t coming from the Fed’s rate hikes
Recent US inflation data has been a win for team transitory—the economists who predicted that inflation would come down without interest rate hikes. The US consumer price index (CPI) rose by 0.1% from...
Bond Managers Sense Opportunity With Yields Below Fed’s Rate
(Bloomberg) — A sense of conviction that bonds should be bought is helping fund managers put the worst year in a generation behind them. Most Read from Bloomberg Even as the Federal Reserve has ...
Silvergate Swags, BTC Lag Down to Recover Amid Fed’s Policy Announcements
BTC Sick Nowadays Fed’s – relatively modest– rate hike on December 14, 2022 may have caused a slight decline in crypto prices. Stocks connected with the crypto industry have also descended, but Silver...
Reports Suggest Caroline Ellison Is Working With Feds and Snitching on FTX Co-Founder Bankman-Fried – Bitcoin News
Following the arrest of the former FTX boss Sam Bankman-Fried (SBF), spectators continue to wonder where ex-Alameda Research CEO Caroline Ellison is, and whether or not she turned on SBF. A few report...
The Fed’s 50-bps hike faces off against the “compressed lag effect”
In the final Fed meeting of the year, Chairman Powell and the FOMC announced a rate hike of 50 bps, lifting the policy rate to 4.25%-4.50%. The decision was unanimous and very much in line with expect...
What does the Fed’s latest interest rate hike mean for bitcoin?
On Wednesday, the Federal Reserve issued its latest interest rate increase in response to inflation. Federal funds rates have been hiked up to a target of 4.5%. Surprisingly, the Fed’s projections for...
Fed’s “Digital Dollar” Idea Has Frightening Implications For Privacy And Freedom
Central banks around the world are examining whether they should create digital currencies. China is already gradually unrolling one. The Federal Reserve has jumped on the bandwagon, with studies and ...
Here’s What Wall Street Is Saying About the Fed’s Rate Hike
(Bloomberg) — For investors trying to gauge levels of hawkishness at the Federal Reserve, Wednesday was an example of words carrying more weight than actions. Most Read from Bloomberg As part of...
Bitcoin, crypto prices fall on Fed’s latest decision, US stock indices drop
Crypto markets pared gains alongside traditional counterparts as the Federal Reserve increased interest rates by 50 basis points. Bitcoin dropped 2%, trading at $17,926 at 2:20 p.m. EST followi...
More power to USDC: might get ancillary access to Fed’s RRP.
USDC issuers have started investing in CRF. Its increasing use might provide indirect access to Fed’s Reverse Repo Program (RRP). This will make USDC a non-bank hybrid between CBDC and insured deposit...
The Fed’s Balance Sheet Shows What’s Happening To The Economy
The Federal Reserve Building in downtown Washington DC. HDR image. getty The mother of all charts is below. This is the Federal Reserve balance sheet history straight from their website: The Federal R...