FTSE 100 ended roughly flat on Thursday even though the Bank of England announced its biggest rate hike since 1995. Key rate raised to 1.75% Governor Andrew Bailey lifted rates by 50 basis points this...
Tag: Rate
U.K. Central Bank Forecasts Recession This Year—Joining U.S. And Eurozone With Historic Rate Hike
Topline The Bank of England on Thursday predicted that the U.K. will fall into a recession in the final quarter of this year as it announced its steepest rate hike in nearly three decades, following s...
EUR/GBP forecast ahead of a giant BoE interest rate hike
The EUR/GBP price moved sideways on Thursday morning as investors focused on the latest Germany factory orders and the upcoming Bank of England (BoE) interest rate decision. The pair was trading at 0....
Cardano (ADA) Regains Some Support But Rate Stuck Below Vital $0.50 Level
Cardano (ADA) price according to CoinMarketCap registered a jump of 3.96% or $0.5148 as of this writing. CoinMarketCap hourly chart shows how ADA trades midway slicing in between the support zone of...
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...
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...
Following Fed’s Recent Hike And Negative GDP Report, Mortgage Rate Drops Significantly
Mortgage rates took a downturn following the Federal Reserve increased its benchmark rate. On Thursday, the popular rate on 30-year fixed mortgages came down to 5.22% from 5.54% on Wednesday. The rate...
Lowering Shiba Inu Burning Rate Putting Community in Distress
Shiba Inu is making efforts to stay relevant into space yet lagging behind due to the slow pace of SHIB burn. Shiba Inu tokens had faced significant criticism for their quantity from their very ...
The Fed’s rate hike means ‘mortgage rates are going to continue to rise’: Economist
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...
Shiba Inu Team Unveils New SB Visa Card Pumping Burn Rate
12 mins ago | 2 mins read Altcoin News Reflex Finance, a decentralized swap platform listed SHIB. SHIB Burn Visa Card would burn a small token amount every time the card is used. When Shiba Inu’s new ...
Shiba Inu Burn Rate Raises Concerns, With Only 1.13 Billion SHIB Burned in Last 7 Days
This morning, Shibburn reported the number of Shiba Inu (SHIB) tokens that have been burned over the past seven days. According to the data provided, 1.13 billion SHIBs were burned over the past week....
Uniglo (GLO) Is Getting More Investors at Rapid Rate
Picking up the right coin at the right time is key in crypto. While ETH and BTC might get most of the attention and introduce the newest people to crypto, they aren’t necessarily the best purchases ri...
Shiba Inu Burn Rate Spikes 130%
According to the Shibburn blockchain tracking service, the famous memecoin saw a rapid increase in the burn rate in the last 24 hours as users burned 130% more tokens than usual. The Twitter account o...
225 Million SHIB Burned As Burn Rate Soars 414% Overnight
Yuri Molchan Nearly quarter of a billion SHIB has been destroyed with the burn rate of the meme token pushed high up Contents 225.2 million SHIB removed Here’s how much SHIB is burned altogether Shib ...
‘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...
Naira now has a third crypto exchange rate –
Nigeria’s dual exchange rate system becomes triple with the emergence of the crypto Nigerians rely heavily on crypto Nigerians have low confidence in Naira Nigeria’s conversion scale framework overwhe...
Commodity guru expects Fed rate hikes to boost Bitcoin to ‘outperform most assets’
Bitcoin (BTC) and the wider cryptocurrency market have reacted positively to the latest Federal Reserve interest rate hike by 75 basis points, with the asset retesting $24,000. There is interest regar...
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 ...
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...
Solana-based Stablecoin NIRV Is Attacked, Rate Collapsed 90%
Gamza Khanzadaev Another algorithmic stablecoin crashed, this time on Solana blockchain According to crypto analytics company PeckShield, Solana-based Nirvana Finance was attacked, causing its own DeF...
TopL, Naoris and Unstoppable Close Succesful Funding Rounds, Feds Announce Rate Hikes, Crypto Market Bullish – crypto.news
Fundraising continued today with TopL, Naoris, and Unstoppable Web protocols completing successful rounds. The Fed announced rate hikes by 75 basis points as the crypto markets take a bullish turn. Et...
‘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...
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...
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...
The Stock Market Rallied on Hopes That Rate Hikes Will Soon Wind Down
Text size While the markets and many consumers are worried about inflation, other people, like these skaters at Rockefeller Center in New York, are still spending. Richard Levine/Alamy Markets can sta...