Mortgage rates have been steadily rising over the past year, and with the Federal Reserve’s latest rate hike, there likely won’t be a slowdown any time soon, according to one economist. The rise in in...
Tag: Hike
This is how the crypto market, especially BTC and ETH, reacted amid latest Fed hike
The Federal Reserve increased the interest rate by a further 0.75% and the crypto markets responded bizarrely. The U.S. interest rates are back to pre-pandemic levels as the battle against inflation r...
‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard
The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services. While economists say raising the interest r...
Here’s Why Crypto Prices Are Rising Despite Fed Rate Hike, Recession FUD
Despite the FUD surrounding the U.S. Fed rate hike and recession, the crypto market continues to climb higher. Top cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) prices have skyrocketed by 28% and ...
US Recession Woes, Fed’s Rate Hike, Bitcoin at $24K, ETH Pushing for $1.8K: This Week’s Crypto Recap
The past seven days saw the total cryptocurrency market add a considerable $40 billion to its total capitalization as the majority of it is painted green. Bitcoin’s dominance is a commonly-used metric...
Mortgage rates fall sharply after negative GDP report and Fed’s latest hike
Just one day after the Federal Reserve raised its benchmark rate, mortgage rates took a sharp turn lower. The average rate on the popular 30-year fixed mortgage fell to 5.22% on Thursday from 5.54% on...
Fed Meets Market Expectations With 75 Basis Point Rate Hike, Bitcoin Jumps 5%
The Federal Reserve delivered an interest rate hike of 75 basis point today, lifting the target range of its benchmark interest rate to between 2.25% and 2.5%. The move met the expectations of analyst...
‘Bullish rate hike’ — Why crypto spiked today in the face of bad news
The cryptocurrency markets have been pumping since the announcement of a 75 basis point interest rate hike in the United States, with experts explaining that the markets may have been initially bracin...
ETH Devs Conclude Merge Testnet Details, Along 14% Hike In ETH
Tim Beiko announces the final details for the last dress rehearsal of the network. The announcement done before the long-awaited Merge in the ETH network. ETH Network Testnet From the announcement, th...
Ethereum Pumps 16% amid US Federal Funds Rate Hike
During the late US session, Ethereum pumps 16% amid an interest rate hike from the US Federal Reserve. Ethereum’s early-day downward rally has been halted, gaining some modest bullish traction near $1...
Rich Wall Streeters Face Shock Tax Hike While Rest of Wealthy Escape
(Bloomberg) — Wealthy Americans, who were girding for the biggest set of tax increases in three decades just a year ago, now look mostly safe from higher levies for years to come. Most Read from...
Bitcoin spikes above $22.2K as Fed votes for 75-basis-point rate hike
Bitcoin (BTC) charged above $22,000 on July 27 after the United States Federal Reserve enacted another major interest rate hike. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Fed: “...
Bitcoin Surges to Intraday High After Fed Rate Hike
Alex Dovbnya The U.S. Federal Reserve has announced another massive rate hike in an attempt to curb inflation The U.S. Federal Reserve has hiked the benchmark interest rate by 75 basis points followin...
Why the Fed’s latest rate hike sent stocks to the moon: 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 Thursday, July 28, 2022 Today’s newsletter i...
Crypto Markets Add $100 Billion Following the Fed’s 75 BPS Rate Hike (Market Watch)
Unlike the previous Fed interest hikes, bitcoin went on a roll this time, adding over $2,000 in hours to set a new weekly high. The altcoins are also well in the green on a daily scale, with ETH soari...
Crypto Companies Struggle With Layoffs, but Some See Opportunity to Add Talent; BTC, ETH Soar After Fed Rate Hike
Bitcoin was recently trading at about $22,900, up over 8% for the past 24 hours. The largest cryptocurrency by market capitalization has mostly lingered between $21,000 and $23,000 for much of the pas...
Bitcoin Price Restarts Increase After Fed Rate Hike But Resistance Intact
Bitcoin started a fresh increase above the $22,000 resistance zone against the US Dollar. BTC must clear $23,000 and $23,700 to continue higher. Bitcoin started a fresh increase after the fed hiked in...
Here’s where the Fed’s new rate hike will hit you hardest and what you can do about it
‘If you don’t need it, don’t buy it right now’: Here’s where the Fed’s new rate hike will hit you hardest and what you can do about it After lowering interest rates to spur on ...
Ether, XRP, Cardano Up Over 10% As Fed Doubles Down On Inflation With 75-Basis-Point Rate Hike ⋆ ZyCrypto
Advertisement     Following the Federal Open Market Committee (FOMC) two-day meeting of July 26-27, the US Fed unanimously announced an interest rate hike of 0.75%, br...
Federal Reserve ‘Might’ Do Another Huge Rate Hike, But Powell Sparks Dow Jones Rally
The Federal Reserve delivered a 75-basis-point rate hike for the second straight meeting, and chair Jerome Powell indicated a third such hike “could be appropriate” in September. Still, th...
Dudley Says Fed Will Hike Rates Much Further Than What Markets Expect
(Bloomberg) — Financial markets are underestimating just how far the Federal Reserve will go to tame a decades-high inflation rate, according to former New York Fed President Bill Dudley. Most R...
Market jump after Fed hike is ‘trap,’ Morgan Stanley warns investors
Morgan Stanley is urging investors to resist putting their money to work in stocks despite the market’s post-Fed-decision jump. Mike Wilson, the firm’s chief U.S. equity strategist and chi...
Widely Watched Yield Curve at Most Inverted in Decades After Fed Hike
(Bloomberg) — One of the Treasury market’s more widely watched yield-curve indicators extended its inversion after the Federal Reserve’s decision to lift its benchmark rate in line with expectat...
Federal Reserve announces 75bps rate hike; Bitcoin up 3% following the news
The Federal Reserve, chaired by Jerome Powell, has announced that it will raise interest rates in the U.S. by 75 basis points. The increase matched the market consensus, which some analysts deemed to ...
Surprise? How the stock market has reacted on day of each Fed rate hike in 2022
The Federal Reserve’s strategy of supersize interest rate hikes gets much of the blame for triggering a bear market in stocks in 2022, but investors might be surprised by a look back at how equites ha...
Bitcoin Up as Fed Announces 0.75 Points Rates Hike
Key Takeaways The Federal Reserve is hiking interest rates by another 75 basis points. The rate hike comes after the Consumer Price Index revealed that inflation had hit a 40-year high of 9.1% in June...
75 bps Fed rate hike likely amid a “world of paradox”
In a historic move, the market anticipates that the Federal Funds Rate, the key policy tool of the Federal Reserve will breach the neutral rate of interest with the conclusion of the Fed’s 2-day FOMC ...
$250 Mln In Bitcoin (BTC), Ethereum (ETH) Liquidated, Is 100 bps Rate Hike Certain?
The crypto market loses last week’s gains as Bitcoin and Ethereum prices fail to sustain key support levels ahead of the FOMC meeting on July 27. The crypto market saw over $250 million in total liqui...