US prosecutors in Manhattan are said to be probing Sam Bankman-Fried’s (SBF) involvement in the collapse of stablecoin terraUSD and its sister token, luna. According to sources close to the matter, SB...
Tag: Feds
USDC could get access to Fed’s RRP via BlackRock partnership
USDC stablecoin could get indirect access to the Federal Reserve’s risk-free liability, as its partner BlackRock is set to apply for the Fed’s reserve repo (RRP) program. Circle CFO Jeremy Fox-Geen re...
Feds investigating FTX founder SBF for possible market manipulation: NYT
U.S. prosecutors are probing into whether FTX founder and former CEO Sam Bankman-Fried could have manipulated the prices of TerraUSD and Luna cryptocurrencies earlier this year to benefit his business...
Bruising Stock Reversal Shows How Fed’s Pivot May Come Too Late
(Bloomberg) — For many investors, December has been a shocker in the stock market. After getting sucked in by a rousing seven-week rally, they’ve now had to watch as the S&P 500 posted the l...
Feds have contacted former FTX employees as part of investigation
Federal law enforcement is in touch with former FTX employees as part of a criminal investigation into the failed exchange and its sister hedge fund Alameda Research. Two former FTX employees h...
3AC founders and staff hit with subpoenas as feds push for records
Three Arrows Capital (3AC) co-founders Su Zhu and Kyle Davies will be required to hand over “any recorded information” relating to the bankrupt crypto hedge fund after a federal judge greenlit subpoen...
Consumers remain the Fed’s biggest problem: 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 Wednesday, December 7, 2022 Today’s newslett...
Price Controls in Illinois Speak to The Limits of the Fed’s Rate Machinations
On March 23, 2021 Illinois legislators imposed an interest rate ceiling of 36 percent on all non-bank and non-credit union loans under $40,000. The stated intent was to reduce the burdensome cost of i...
The U.S. economy won’t collapse under Fed’s ‘weight’ based on the performance of these sectors despite inflation and oil risks
Investors are trying to read the tea leaves in a choppy U.S. stock market to gauge whether its recent run higher can continue after Federal Reserve Chair Jerome Powell unleashed bullish sentiment at t...
Disappointing Nowcasts For Upcoming Inflation Highlight Fed’s Concerns
Federal Reserve Chair Jerome Powell speaks at the Hutchins Center on Fiscal and Monetary Policy at … [+] the Brookings Institute on Wednesday, Nov. 30, 2022, in Washington. (AP Photo/Nathan Howa...
Fed’s preferred inflation gauge eases to 6.0%: time to turn bullish?
S&P 500, on Thursday, is holding on to its gains from last night after the Bureau of Economic Analysis said the core personal consumption expenditures price index eased to 5.0% in October. Cameron...
Bitcoin’s 1.7% inflation rate performs better than the Fed’s 2% target
The Bitcoin inflation rate fell from 50% in 2011 to 4% in 2020 prior to the halving and now stands at 1.7%, a figure way below the U.S. Federal Reserve’s monetary inflation rate target of 2%. While t...
Elon Musk Says US Fed’s Interest Rate Needs to Cut Immediately
14 mins ago | 2 mins read Editors News The Fed increased its interest rates by 375 basis points this year. Elon Musk calls it the Trend is concerning. The Federal Reserve is hiking interest rates in a...
Fed’s shrinking of balance sheet via quantitative tightening is ‘a complete mistake,’ says Mizuho
The Federal Reserve’s attempt at shrinking its balance sheet through so-called quantitative tightening, or QT, is “a complete mistake,” according to Mizuho’s chief economist for the U.S. “There is a ...
Fed’s Bullard Says Markets Underestimating Chances of Higher Rates
(Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard said financial markets are underestimating the chances that policymakers will need to be more aggressive next year in rais...
Fed’s George Says Higher US Savings May Also Mean Higher Rates Needed
(Bloomberg) — Kansas City Federal Reserve Bank President Esther George said ample US savings will help to buffer households but could also mean higher interest rates are needed to cool spending....
Feds Announce Indictment of Two Individuals in Alleged $575,000,000 Crypto Mining Scheme
The U.S. Department of Justice (DOJ) is announcing the arrest of two Estonian citizens in connection with an alleged crypto money laundering scheme. In a new press release, the DOJ says the two indivi...
Fed’s Mester wants more progress on inflation before ending interest rate hikes
Cleveland Federal Reserve President Loretta Mester said Monday inflation will need to show more signs of progress before she’s ready to stop advocating for interest rate increases. While acknowl...
Find Here How Fed’s Neel Kashkari Sees Crypto?
Neel Kashkari, President of Federal Reserve Bank of Minneapolis, reacted over the FTX collapse and shared a tweet on his twitter account on November 11, 2022. Fed’s Neel Kashkari: Crypto in its Entir...
Fed’s Kashkari Says Entire Notion of Crypto Is Nonsense
Alex Dovbnya The central banker claims that crypto is just “a ton of speculation” for “greater fools'” In a recent tweet, Federal Reserve Bank of Minneapolis President Neel Kas...
Fed’s Collins expresses hope that inflation can be tamed without hitting jobs
Susan Collins, Boston Federal Reserve Source: Federal Reserve Bank of Boston Boston Federal Reserve President Susan Collins expressed confidence Friday that policymakers can tame inflation without doi...
Treasury curve inverts further below zero after Fed’s Bullard produces 5%-7% estimates for fed-funds rate
The spread between 2- TMUBMUSD02Y, 4.462% and 10-year Treasury yields TMUBMUSD10Y, 3.776% inverted more deeply on Thursday, shrinking to as little as minus 70.5 basis points, after a Federal Reserve p...
Fed’s Waller says he’s open to a half-point rate hike at December meeting
Christopher Waller testifies before the Senate Banking, Housing and Urban Affairs Committee during a hearing on their nomination to be member-designate on the Federal Reserve Board of Governors on Feb...
Fed’s Daly sees rates rising at least another percentage point as ‘pausing is off the table’
San Francisco Federal Reserve President Mary Daly said Wednesday she expects the central bank to raise interest rates at least another percentage point, and possibly more, before it can pause to evalu...
Yellen Says FTX Collapse Shows Weaknesses of Entire Crypto Sector — Fed’s Brainard Pushes for Strong Regulation – Regulation Bitcoin News
U.S. Treasury Secretary Janet Yellen and Federal Reserve Vice Chair Lael Brainard have stressed the need for strong crypto regulation. Yellen said the FTX collapse shows “the weaknesses” of the entire...
Fed’s Waller warns inflation fight isn’t over, interest rates will ‘keep going up’ despite prices cooling by more than expected
Federal Reserve Governor Christopher Waller said “we’ve still got a ways to go” before the US central bank stops raising interest rates, despite good news last week on consumer prices. At the same tim...
Ark Invest CEO Warns Fed’s Actions Could Lead to 1929-Like Great Depression — Elon Musk Agrees – Coinotizia
The CEO of investment management firm Ark Invest has warned that if the Federal Reserve does not pivot, the current economic setup will be similar to 1929 when the Great Depression started. Tesla CEO ...
Ark Invest CEO Warns Fed’s Actions Could Lead to 1929-Like Great Depression — Elon Musk Agrees – Economics Bitcoin News
The CEO of investment management firm Ark Invest has warned that if the Federal Reserve does not pivot, the current economic setup will be similar to 1929 when the Great Depression started. Tesla CEO ...
Fed’s Waller says market has overreacted to consumer inflation data: ‘We’ve got a long, long way to go’
Federal Reserve Gov. Christopher Waller said Sunday that financial markets seem to have overreacted to the softer-than-expected October consumer price inflation data last week. “It was just one data p...
Dollar Climbs as Fed’s Waller Pushes Back on Dovish Rate Bets
(Bloomberg) — The dollar climbed against most major peers Monday after Federal Reserve Governor Christoper Waller pushed back on bets the US central bank was nearing the end of its hiking cycle....
The Schedule For The Fed’s 2023 Meetings, And What To Look For
When will Fed meetings be held in 2023? Photographer: Al Drago/Bloomberg © 2022 Bloomberg Finance LP The U.S. Federal Reserve (Fed) will meet to set interest rates eight times in 2023. We know the sch...
Dow Jones Wavers On Fed’s Preferred Pivot Sign; Buffett Unloads Shares; Fake Tweet Slams Health Care
The Dow Jones Industrial Average took a breather after Thursday’s 3.7% gains. After opening 0.2% lower, the blue chip index was down 0.7% at noon. The S&P 500 pared earlier gains of 0.5% to ...