The U.S. economy has already plunged into a “technical” recession but James Bullard does not expect the central bank to pivot anytime soon. Inflation will take time to return to 2.0% The President of ...
Tag: Interest
Fed’s Bullard sees more interest rate hikes ahead and no U.S. recession
St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees compelling evidence that inflation is falling. The central bank officia...
Hedge Fund Billionaire Withdraws Interest in Radkl, Continues Crypto Investments Elsewhere
According to a representative for the cryptocurrency trading startup Radkl, hedge fund billionaire Steve Cohen has sold his interest in the venture, Bloomberg reported on Tuesday. The spokeswoman stat...
ChangeX Launches CHANGE Token on Uniswap, HydraDEX To Strong Investor Interest
DeFi project ChangeX has successfully launched its CHANGE token for trading on HydraDEX and Uniswap to strong investor interest, company officials said. The app supports several trading pairs in order...
Investor interest in gaming, NFTs continued despite market downturn
Declines in monthly NFT marketplace volume continued last month as the industry entered Q3 mired in the bear market. But while retail may be down, there are signs from reports on Q2 investments that b...
Nigerian Central Bank Told to Consider Floating the Naira, Recent Interest Rate Hike Slammed – Bitcoin News
The Central Bank of Nigeria should be discontinuing the fixed exchange rate system and let the naira freely float against the major currencies, Alhaji Aminu Gwadabe, the leader of a Nigerian associati...
Japan’s central bank shelves plans for CBDC due to a lack of public interest
Despite testing the technical feasibility of the issuance of a central bank digital currency (CBDC) since 2021, and starting the second phase of the experimentation in April, Japan’s central bank has ...
Ethereum’s open interest flips Bitcoin’s for the first time ever
The ongoing Ethereum (ETH) network upgrades have pushed some analysts to speculate that the second-ranked cryptocurrency might in the future take over Bitcoin (BTC). This possibility has been partly r...
Japan’s central bank scraps CBDC plans due to lack of interest from public
The Bank of Japan (BoJ) has concluded that it is not technically feasible for the government to release a central bank digital currency (CBDC) at the moment. Cash rules everything around Japan Like ma...
DeFi Project ChangeX launches its CHANGE token on Uniswap, HydraDEX to strong investor interest
Sofia, Bulgaria, 1st August, 2022, Chainwire DeFi project ChangeX has successfully launched its CHANGE token for trading on HydraDEX and Uniswap to strong investor interest, company officials said. Th...
Filecoin surges over 80% in a week as investors’ interest returns to FIL
In tandem with the climb in the broader cryptocurrency market, Filecoin (FIL) has also experienced solid gains in the last week, making it the top gainer in the previous 7 days out of the top 100 cryp...
STEPN Kickstarts Gamers’ Interest As GMT Capitalizes On Bullish Retracement
And the game is on for STEPN as the GMT token plays in sync with other cryptocurrencies amplified for the bull run. In the past couple of weeks, STEPN has been making upgrades on its network to rekin...
STEPN reigniting gamers’ interest as GMT, GST-SOL part ways
As several cryptocurrency projects recover after the prolonged crypto winter, STEPN’s GMT token has also taken advantage of the ongoing bullish retracement. In the last few weeks, the play-to-earn pr...
ADA (Cardano): interest at the lowest for six months
These days, the trading and tweet volume on ADA (Cardano) is at its lowest in six months. ADA, the native crypto on the Cardano blockchain, is back to the lows of six months ago This was revealed on ...
Bill Ackman slams carried interest ‘loophole’ as Democrats take aim at tax rule
Washington Democrats may have found an unlikely ally in their bid to end a long time tax rule enjoyed by some of Wall Street’s richest executives: hedge fund billionaire Bill Ackman. The Pershing Squa...
FED Maintains 75-point Interest Hikes, Cryptos Move Up
As was expected, the FED opted for a 75-basis-point interest hike to gain control over inflation. The Federal Reserve (FED) announced it will increase interest rates by 75 basis points. The interest a...
When will the Fed stop raising interest rates? The ‘terminal rate’ may still be far off
The U.S. economy is somewhere in the middle of the Federal Reserve’s interest rate hiking saga to tame inflation, but people already want to know where the story ends. That’s what’s getting discussed ...
Elevated Bitcoin Open Interest Levels Puts Market In Vulnerable Position
Bitcoin has recovered above $23,000 multiple times now, but the digital asset remains in a perilous position. This is because the recovery alone has not been able to assure that the bull trend would e...
Another 75 Basis Point Raise, In Interest Rate By US Fed
The United States Federal Reserve (US Fed), has increased its interest rates by 75 basis points or 0.75%. After the announcement by the US Fed, it became a hot topic of discussion about the coming rec...
Bitcoin fluctuates as Federal Reserve raises key interest rate by 75 basis points
The US Federal Reserve has raised the US federal funds rate to 2.5%, an increase of 75 basis points. Wednesday’s decision was largely expected, with the market pricing in a rise of 75 basis points ah...
Federal Reserve Increases Interest Rates Again, This Time by 0.75%
The United States Federal Reserve has raised interest rates again to fight inflation. The 0.75% point hike takes the borrowing rate to 2.25–2.50%. The United States Federal Reserve has once again rais...
Senate Reconciliation Bill Would Close Carried Interest Loophole. What It Means for Private Equity.
Text size Sen. Joe Manchin wants to eliminate a provision giving favorable tax treatment to the private-equity industry. Alex Wong/Getty Images In a surprise, Senate Democrats reached a deal on a bill...
US Fed Expected to Raise Interest Rate by 75 to 100 Basis Points Today
While the US Fed has almost decided on the interest rate hike for this month following the two months of running inflation. The US Federal Reserve’s (Fed) Open Market Committee (FOMC) is expected to m...
Crypto market contracts as the Fed’s next interest rate decision looms
Crypto markets traded down Tuesday ahead of tomorrow’s US Federal Reserve interest rate announcement. The Fed is widely expected to increase the US federal funds rate by 75 basis points tomorr...
These Companies Stand to Profit The Most From Interest Rate Hikes
The Fed raised rates in the U.S. multiple times in 2022, including this week’s 0.75% increase. Recent history shows that raising rates is nothing new; however, long-term analysis shows the histo...
U.S Federal Reserve Raises Interest Rates by 75 Basis Points
53 mins ago | 2 mins read Bitcoin News Consumers and companies are likely to reduce their borrowing and spending. The central bank had predicted an interest rate increase of 100 basis points. Second t...
Federal Reserve Hikes US Interest Rate by 0.75 Percentage Point
“Recent indicators of spending and production have softened,” said a statement by the Federal Open Market Committee (FOMC), a group of 12 Fed officials who set the Fed’s monetary policy. &...
Federal Reserve Hikes Interest Rates with a 75-Bp Increase, Bitcoin Remains Bearish
The US Federal Reserve on Wednesday announced a 0.75 percentage point interest rate increase as part of efforts to clamp down rising inflation without creating a recession. The latest interest rate ri...