Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon. Though she stressed that Fed po...
Tag: hikes
The Fed’s Mary Daly says rate hikes should continue until inflation is tamed
San Francisco Federal Reserve President Mary Daly said Wednesday she backs raising interest rates aggressively until inflation comes down to a reasonable level. Those moves likely would entail multipl...
Delta hikes sales forecast to pre-pandemic levels as demand and fares rise
Delta airplanes are seen at John F. Kennedy International Airport during the spread of the Omicron coronavirus variant in Queens, New York City, U.S., December 26, 2021. Jeenah Moon | Reuters Delta Ai...
The Fed’s Christopher Waller Wants 50 bps Rate Hikes Until Inflation Subsides, US Savings Data Plummets – Economics Bitcoin News
Federal Reserve governor Christopher Waller has detailed he is ready to get behind 50 bps rate hikes until the extreme inflationary pressures plaguing the U.S. economy subsides. Waller stressed that u...
Fed’s Waller Backs Half-Point Rate Hikes at ‘Several’ Meetings
(Bloomberg) — Federal Reserve Governor Christopher Waller said he wants to keep raising interest rates in half-percentage point steps until inflation is easing back toward the US central bank’s ...
Dow books 4th day of gains, stocks rally after Fed minutes signal flexibility on interest rate hikes
Stocks closed higher Wednesday as investors took away a message of flexibility from the release of minutes of the early May Federal Reserve meeting about its path to higher interest rates. How did sto...
NZD/USD forecast as the RNBZ gears for more hikes
The NZD/USD price continued grinding on Wednesday after the latest interest rate decision by the Reserve Bank of New Zealand (RBNZ). The pair rose to a multi-week high of 0.6510, which was about 4.70%...
Bill Ackman Doubles Down on Call for Aggressive Fed Rate Hikes
TipRanks Down More Than 30%: Insiders Call a Bottom in These 3 Stocks Despite brief periods of respite, the markets have mostly trended south in 2022, with the NASDAQ’s 28% year-to-date loss the most ...
Chinese buyers not living in lockdown shake off EV price hikes
Guangzhou-based Xpeng is one of several Chinese electric car companies that’s started to expand overseas. Feature China | Future Publishing | Getty Images BEIJING — In a sign Chinese drivers are...
EUR/USD jumps as Lagarde hints at rate hikes
The FX trading week started with the common currency, the euro, rallying. Comments from the European Central Bank (ECB) head, Christine Lagarde, that the bank plans to exit negative territory this yea...
Fed to Plow Ahead on Half-Point Hikes, Undeterred by Stock Slump
(Bloomberg) — Don’t count on Federal Reserve Chair Jerome Powell to ride to the rescue of a faltering stock market — at least not yet. Most Read from Bloomberg Kansas City Fed President Es...
Recession Talks Surface, ETH 2.0 Uncertainty Looms, and Gasoline Hikes – crypto.news
Goldman Sachs, an American investment banking network and financial service provider, recently warned that there is a high risk of recession in the US. Lloyd Blankfein, Goldman Sachs’ senior chairman,...
Next big shoe to drop in financial markets: Inflation that fails to respond to Fed rate hikes
Traders, investors and strategists are adding one more factor to the list of reasons why financial markets may be in for more volatility through at least the next three to four months: the likelihood ...
Gold Price Prediction – Gold Prices Face Losses for the Week on Bets of Aggressive Fed Rate Hikes
Key Insights Gold prices continued to decline as yields extended gains. Investors placed bets on the size of upcoming rate hikes. Treasury yields soared as equities rallied. Gold prices declined sharp...
Dollar Near Two Decade High as CPI Maintains U.S. Rate Hikes
The greenback has moved aggressively in the market, soaring close to its highest level since 2002. The mitigating CPI rates from April gave this much-needed push. With favoring numbers from the report...
Crypto Weekly Roundup: Fed Hikes Interest Rates, LUNA Acquires More BTC, Solana Crashes, Investors Support Musk’s Twitter Bid, And More
It was an eventful week in crypto. Solana was once again plagued by bots that crashed the network for seven hours. On the other hand, LUNA is continuing its mission of bolstering its stablecoin reserv...
US Fed hikes interest rates, Bitcoin plunges below $36K, and Argentina’s central bank says no to financial institutions offering crypto: Hodler’s Digest, May 1-7
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
Crypto Accounts Liquidated following Market Crash Amid Interest Rate Hikes – crypto.news
On Thursday afternoon, the crypto market took a sharp nosedive losing nearly 9% of the whole crypto valuation. The dive caused speedy liquidation, with over 106 thousand investors liquidated in just t...
U.S. Added 428,000 Jobs In April—Beating Expectations As Hot Labor Market Spurs Fed Rate Hikes
Topline The U.S. added back another 428,000 jobs in April, performing better than economists expected as the strong labor market recovery encourages Federal Reserve officials to more aggressively rais...
Lucid Earnings Crush; Lucid Stock Rises Late As Tesla Rival Backs Key EV Target, Hikes Prices
Lucid (LCID) affirmed its EV production target after the aspiring Tesla (TSLA) challenger crushed earnings estimates for the first quarter. Lucid stock rose in afterhours trading. X Lucid joined EV st...
What history tells us about stocks soaring after Fed 50 basis point rate hikes
Perhaps investors are right to cheer the first 50 basis point interest rate hike from the Federal Reserve since 2000, even if that seems like a counterintuitive reaction. The S&P 500 went on to ra...
Fed hikes by 0.5% – largest since 2000 – Crypto spikes
It was announced by Fed chairman Powell in the FOMC meeting yesterday that the interest rate would be raised by 50 basis points, the largest single rise since 2000. Bitcoin and the whole crypto market...
Federal Reserve Hikes Interest Rates by 0.5%, Biggest Increase Since 2000
The United States Federal Reserve has increased interest rates by half a percentage point. Inflation is hitting the U.S. hard, and the central bank is looking at ways to stymie its effect on the count...
Dow Jones Futures: Stocks Soars As Powell Rules Out Even-Bigger Rate Hikes; Apple, Exxon Flash Buy Signals
Dow Jones futures edged lower overnight, along with S&P 500 futures and Nasdaq futures. The Federal Reserve raised interest rates by a half point on Wednesday, but the stock market surged and Trea...
Fed hikes interest rates by 50 basis points in effort to combat inflation
The United States Federal Open Market Committee (FOMC) concluded two days of meetings Wednesday with a widely anticipated announcement of an interest rate hike of 50 base points, or 0.5%. It is the se...
Fed Hikes Rates Half-Point as Powell Signals Similar Moves Ahead
(Bloomberg) — The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most agg...
Powell Gives Tech a Lift by Taking Larger Hikes off the Table
(Bloomberg) — The Federal Reserve gave a much needed shot in the arm of technology stocks on Wednesday by ruling out an more aggressive rate hike path and reassuring the U.S. economy remains str...
Stocks jump after Powell pushes back on bigger rate hikes after half-point increase
U.S. stocks turned higher Wednesday afternoon, with investors considering the Federal Reserve’s latest monetary policy decision against the backdrop of elevated inflation and a still-tight U.S. ...
US Central Bank Raises Rates by Half a Percentage Point, Fed’s Powell Says Similar Hikes Are on the Table – 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 ...
Dow Jumps 900 Points After Federal Reserve Hikes Interest Rates By Half-Percentage Point
Topline The stock market surged higher on Wednesday after the Federal Reserve raised interest rates by 0.5% in a move widely-anticipated by investors, as the central bank continues on its path of aggr...
Despite interest rate hikes, Tony Dwyer predicts sharp market bounce
While Wall Street braces for a half point interest rate hike on Wednesday, Canaccord Genuity’s Tony Dwyer sees the ingredients for a sharp market bounce. However, it’s unrelated to a funda...
How Fed’s bigger, faster rate hikes will affect your credit card, mortgage, savings rates
Just six weeks ago, Americans were facing sharply higher borrowing costs as the Federal Reserve launched an aggressive campaign of interest rate hikes to curb soaring inflation. Now the Fed is putting...