Federal Reserve Chairman Jerome Powell in June. (Jacquelyn Martin / Associated Press) If you’re in the market for a new mortgage or if you have one with an adjustable interest rate, you may worr...
Tag: Interest
Here’s Everything That Will Cost More As Fed Raises Interest Rates
Topline The Federal Reserve on Wednesday again authorized one of the biggest interest rate hikes in 28 years as part of its effort to combat the quickest surge in prices in four decades—doubling down ...
Fed Raises Interest Rates By 75 Basis Points Again As Investors Brace For Recession
Topline The Federal Reserve on Wednesday doubled down on its most aggressive economic tightening campaign in nearly three decades to help temper the nation’s stubbornly high inflation, raising i...
BTC, ETH Marginally Higher Ahead of Today’s Interest Rate Decision – Market Updates Bitcoin News
Bitcoin was trading marginally higher on Wednesday, as traders were preparing for today’s interest rate decision. The Federal Reserve is expected to hike rates by 75 basis points for the second month ...
Mortgage demand declines further, even as interest rates drop a bit
A prospective home buyer is shown a home by a real estate agent in Coral Gables, Florida. Joe Raedle | Getty Images Mortgage demand edged lower for the fourth straight week, according to data released...
What will the FED decide today? Last chance for interest rate hikes before 2 month hiatus
The Federal Reserve has its last FOMC meeting on July 27 before it breaks for 2 months. All eyes are on whether FED chair Jerome Powell will follow the market consensus of 75 basis points (bp) or look...
How the Federal Reserve fights inflation through interest rate hikes
Top officials at the Federal Reserve were seeing inflation data come in very hot for months before policymakers moved to wind down monetary policies that were stimulating the economy. A chorus of anal...
Bitcoin Reclaims $21K Ahead of FOMC Interest Rate Announcement (Market Watch)
After yesterday’s price dip below $21,000, bitcoin regained some traction and reclaimed that level. Most altcoins have also turned green today, with MATIC and Ethereum Classic standing out as the most...
After Fed Raises Interest Rates Wednesday, Investors to Look for Clues About What’s Next
After the Federal Reserve lifts its benchmark interest rate on Wednesday, attention will turn to what Chairman Jerome Powell says about a rate increase at the central bank’s meeting in September. The ...
Federal Reserve officials expected to hike interest rate
Investors and economists are bracing for another interest rate hike this week as central bank officials gather in Washington for their July meeting. Their two-day gathering July 26 and 27 comes as the...
Is Bitcoin Getting Ready to Rebound in the Wake of Interest Rate Hikes?
Despite Bitcoin’s volatility sinking, this might indicate its quest to return to winning ways, according to Bloomberg analyst Mike McGlone. McGlone stated: “The lowest-ever Bitcoin volatility vs...
Bitcoin, Ethereum trade at weekly lows as market anticipates FOMC interest hike
Bitcoin’s (BTC) price crashed to its lowest in the last seven days in the early trading hours of July 26, pulling the industry’s market cap to less than $1 trillion, per CoinMarketCap data. According ...
Interest in Shiba Inu on Google falls to the lowest level in over a year
After making a name for itself as one of the most popular meme cryptocurrencies over the last year, Shiba Inu’s (SHIB) fortunes are now on the decline due to a decrease in interest in the token as it ...
Fintech Startups Move in Amidst Rising Interest in Fidelity Bitcoin 401(K)
Fidelity Investments said they have seen strong interest from employers in their Bitcoin 401(k) offerings, so fintech startups have started emerging to meet the demand. Fidelity said in a statement th...
Bitcoin, Ethereum shed gains before looming Fed interest rate hike
With the Federal Reserve expected to raise the interest rate by at least 75 basis points on July 27, the crypto market cap has shed roughly 4% as the value of Bitcoin (BTC), Ethereum (ETH), and other ...
Bitcoin, Cardano, XRP, Ether Plunges Ahead Of This Week’s Interest Rate Decision ⋆ ZyCrypto
Advertisement     Despite struggling to keep its head above $22,800 on Sunday, Bitcoin plunged on Monday to as low as $21,400 during the Asian Market session as trader...
1 in 5 Americans dodging credit card statements as interest spikes
domoyega | E+ | Getty Images As credit card debt swells and interest rates spike, many spenders are fearful about high balances. Nearly 1 in 5 Americans are afraid to check their credit card statement...
Why does the Fed raise interest rates? And how do those hikes slow inflation?
As Americans brave record inflation, the Federal Reserve is continuing its efforts to rein in prices by jacking up interest rates. The release of the Consumer Price Index earlier this month revealed t...
Winning in Computing Power, Why DCRN Gets Special Interest from Miners – crypto.news
According to the official mining pool of Decred-Next(DCRN), as of 20th July, DCRN’s real-time hashrate has already reached 70PH/s, up by a spectacular 288% on a single day, surpassing that of DCR and ...
Funding Rounds with Hashflow and Kucoin, European Central Bank Hikes Interest Rates, Coinbase’s Ex-employee Arrested for Insider Trading
Funding rounds continued as Hashflow raised $25 million, while Kucoin received a $10 million strategic investment. Ex Coinbase employee arrested for insider trading, while the ECB hikes interest rates...
Fed can’t stop hiking interest rates even if there is a recession, former top central banker says
The Federal Reserve has to emulate Mario Draghi and do “whatever it takes” to bring inflation down and that means continuing to raise interest rates even if there is a recession, said former Richmond ...
Is PayPal’s recent stock surge linked to activist interest? What you need to know
Shares of PayPal (NASDAQ: PYPL) extended their gains in yesterday’s session, July 21, marking the third day of gains for the firm, also the shares gained over 17% in the past five days. The increases ...
4 conclusions after the ECB hiked the interest rates for the first time in 11 years
The European Central Bank (ECB)’s decision was the main event of the trading week ending today. Speculation at the start of the week that the central bank would deliver a bigger hike than expected pro...
Bitcoin Slips Below $23,000 As Eurozone Moves to Curb Inflation with Interest Rate Hike
After briefly reclaiming the $24,000 mark on Wednesday, Bitcoin (BTC) is back in the red today, as the price of the leading cryptocurrency slipped below $23,000. The latest price action followed elect...
European Central Bank Hikes Interest Rates in Surprise Move, Bitcoin Remains Steady
The European Central Bank (ECB) on Thursday raised interest rates by 50 basis points (0.5 percentage points) and therefore brought its deposit rates back to zero from -0.5%. The hike was a surprise mo...
ECB shocks markets with biggest interest rate rise in 20 years
ECB President Christine Lagarde interest rates negative bond turmoil eurozone inflation – Daniel Roland/Pool via REUTERS/File Photo Christine Lagarde brought the era of negative European interes...
How Much Interest Will You Make Off $10,000 in a Year?
SmartAsset: How Much Interest Does $10,000 Earn in a Year? If you have $10,000 to invest in interest-producing assets, understanding how much you can earn per year is key. The amount you can earn in i...
A Look into Bitcoin Mining Interest Expenses and Indirect Costs
July 20, 2022, 11:32AM EDT • 7 min read Quick Take 12 public mining companies alone spent about $40 million on interest expenses and $77 million on SG&A costs during Q1’22. The numbers reflect the...
Zilliqa Turns Bearish Again; Has ZIL Buyers Lost Interest?
Zilliqa rose to popularity for adding staking and yield farming features to its public blockchain. As of July 2022, the ZIL token is worth $529,010,561, with just 62% of its entire supply entering the...
European Central Bank Raises Interest Rates For The First Time In 11 Years As Global Inflation Surges
Topline The European Central Bank on Thursday authorized its first interest rate hike in 11 years in a bid to help cool rising inflation, becoming the latest central bank to more aggressively unwind p...
With Upcoming Interest Rate Hike from Fed, Is BTC’s Current Rally Short-Lived?
Bitcoin (BTC) has regained momentum and reclaimed the $23K level, but this begs the question if this uptick is short-lived, given that the Federal Reserve (Fed) has adopted the strategy of continuousl...