(Bloomberg) — The Bank of Canada hiked interest rates by a full percentage point, a surprise move that supercharges efforts to withdraw stimulus amid fears four-decade-high inflation is becoming...
Tag: Hike
Bitcoin Price Outlook for July — Traders Remain Concerned About Upcoming Fed Rate Hike and Bankrupt Crypto Firms – Market Updates Bitcoin News
During the first week of July, bitcoin prices have risen to their highest level since mid-June, coming as U.S. Non-Farm Payrolls handsomely beat expectations. However, as we head into the remaining we...
Fed Minutes Could Bolster Bets for 75 Basis-Point Hike in July
(Bloomberg) — The Federal Reserve will unveil details of what policy makers debated last month that may shed light on how they view the near-term path for interest rates amid surging inflation a...
Rate hike is the ‘wrong’ antidote to fix inflation: Paul Gambles
Rate hikes – globally the most popular antidote to fight inflation is “unlikely” to help lower prices this year, says Paul Gambles. He’s the Managing Partner at MBMG Group. Gam...
AUD/USD forecast: Aussie to retest 0.68 after RBA rate hike
The AUD/USD price tilted upwards on Monday as investors refocused on the upcoming interest rate decision by the Reserve Bank of Australia (RBA). The pair is trading at 0.6855, which is a few points ab...
NZD/USD Forex Technical Analysis – Some Questioning RBNZ Rate Hike Expectations
The New Zealand Dollar is edging higher on Monday on well-below average volume. Despite the rebound from near-two year lows reached last week, the currency remains at risk due to worries over a global...
3 reasons why the ECB will hike by 50bp at its July meeting
The first three days of the trading week are marked by the ECB Conference in Sintra, Portugal. Following the Federal Reserve model of the Jackson Hole Symposium, the ECB has organized its own confere...
152% Hike in Stratis – Know STRAX and Where to Trade
The STRAX coin has performed exceptionally well this month, jumping to its highest level since April. Over the past few weeks, the coin has gained about 152% from its lowest point, reaching more than ...
Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value – Economics Bitcoin News
After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central...
Zimbabwe to Hike Benchmark Rate to 200%, Central Bank Minted Gold Coins to Act as Store of Value – Coinotizia
After seeing the country’s inflation rise to 191.6% in June, Zimbabwean monetary authorities said they have resolved to increase the benchmark interest rate to 200% per annum. In addition, the central...
Jerome Powell defends the rate hike
At the latest congressional hearing, US Federal Reserve Chairman Jerome Powell returned to talk about moves taken to deal with inflation. Jerome Powell’s plan against high inflation At the latest US ...
Why a hike in Dogecoin [DOGE] adoption doesn’t tell us the whole story
According to a recent report by blockchain analytics company Elliptic, Dogecoin is becoming more and more linked to illegal activity. This includes Ponzi schemes, terrorism funding, and child sex abus...
Crypto Markets Struggle For Resilience Despite Highest Rate Hike Since 1994 ⋆ ZyCrypto
Advertisement     The crypto markets have shown some resilience despite the significant rate hike by the Fed on Wednesday in response to unyielding inflation. Followin...
FTX CEO Says Fed Interest Rate Hike Main Reason for Market Crash
FTX CEO Sam Bankman-Fried said the Federal Reserve’s decision to aggressively increase interest rates was the main reason behind the market crash. He does not criticize the Fed, however, saying it is ...
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...
Another Fed Interest Rates Hike Pushes Crypto to the Brink – crypto.news
The crypto investors are in for another rough time as the Federal Reserve announced the hike in interest rates on Wednesday. The latest interest rate hike is the highest in over a decade as it comes o...
Crypto Bull Trap or Turning Point After Fed 0.75% Rate Hike
Crypto masses have been relishing the relief pump by BTC followed by the announcement stating a 0.75% rate hike in interests. The cryptocurrency market that has been showing a bearish trend for the pa...
Mike Novogratz Says Bitcoin Will ‘Lead the Market’ Out of Fed Rate Hike
Mike Novogratz remains bullish on Bitcoin and altcoins adoption despite the bearish market. Mike Novogratz has weighed in on the current situation of Bitcoin, largely caused by the Federal Reserve int...
The Impact Of The Fed Rate Hike And What To Expect Next
Getty Images Takeaways The Federal Reserve hiked its target federal funds rate by 0.75% on Wednesday Stocks rallied Wednesday on the news before falling again by Thursday’s close Consumers can expect ...
Mike Novogratz: Bitcoin Will ‘Lead the Markets’ in Recovery From Fed Rate Hike
Mike Novogratz, founder of the asset management firm Galaxy Digital, expects Bitcoin to “lead” a new rally once the U.S. Federal Reserve reconsiders its latest decision to hike interest ra...
even with the super-sized rate hike, gold remains a winner
Gold price is hovering around the critical level of $1,850 after rebounding from the one-month low of $1,805.59 hit earlier in the week. Even after Fed’s super-sized rate hike, the precious metal rema...
Bitcoin Remains Steady as Fed Announces Biggest Rate Hike Since 1994
Alex Dovbnya Bitcoin briefly spiked 4% on the news only to instantly give up those gains The U.S. Federal Reserve has hiked the benchmark interest rate by 75 basis points, which marks the biggest incr...
Bitcoin Bounces as Fed Drops Biggest Interest Rate Hike Since 1994
Bitcoin’s price was again tested on Wednesday, dropping close to $20,000 per coin before recovering to around $22,000 after the Federal Reserve announced it would continue to raise interest rates. Th...
Cardano, Solana, Tron, And Dogecoin Chart Stunning Relief Rally After Biggest Rate Hike In 28 Years ⋆ ZyCrypto
Advertisement     The crypto market surged higher on Thursday, bouncing back after the ferocious sell-off earlier this week. Cryptocurrencies swung from negative into ...
Swiss Interest Rate Hike Turns Asian Equities Into Swiss Cheese As Mainland Investors Ignore Risk Off
China Last Night KraneShares Key News Asian markets had a decent day until the Swiss National Bank unexpectedly raised interest rates 50 basis points sending risk assets south immediately. Returns wer...
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...
BTC Moves Away From $20,000 Following Historic Fed Rate Hike – Market Updates Bitcoin News
Bitcoin moved away from its recent low of $20,000 on Thursday, following a historic rate hike from the Federal Reserve. As inflation in the United States rose to a 44-year high of 8.6% last month, the...
Federal Reserve Interest Rates Hike by 0.75% Dampen Bitcoin Recovery Further
4 hours ago | 2 mins read Bitcoin News For the economy to go forward, Powell said that inflation has to level off. Michael Saylor has justified the company’s choice to invest in Bitcoin. With an incre...
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...