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...
Tag: Rate
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...
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...
Crypto Market Consolidates Off Biggest Rate Hike in 28 Years
Key Takeaways Many top crypto assets have broken their week-long downtrends following yesterday’s Federal Open Market Committee meeting. Bitcoin has bounced from its $20,000 psychological support leve...
The Fed opts for a 75 basis point rate hike
Last night, the US central bank opted for a record 75 basis point rate hike. Another rate hike by the Fed, this time more significant The collapse of the crypto market was partly influenced by this ra...
Should you buy the US dollar amid the Fed delivering a 75bp rate hike?
2022 appears to be the year of historic central banks’ decisions. After the European Central Bank (ECB) faced a daunting task last week, it followed up with an emergency meeting yesterday. But markets...
Bitcoin Dips, Recovers As Fed Unleashes Biggest Rate Bump In 28 Years
The Federal Reserve of the United States increased interest rates by 0.75 percent on Thursday, the single biggest increase in three decades. However, the central bank has indicated that additional inc...
Bitcoin Volatility Skyrockets as Fed Announces 75 Basis Point Rate Hike
It gets crazier: Bitcoin fluctuated massively on Wednesday after the Federal Reserve announced an interest rate hike of 75 basis points. That’s the highest hike the central bank has attempted since 19...
Fed hikes interest rate by 75 basis points; Bitcoin continues to trade above $20,000
? Want to work with us? CryptoSlate is hiring for a handful of positions! The Federal Open Market Committee has raised interest rates by 75 basis points, increasing the primary credit rate to 1.75%. T...
Dow Jones Futures: Why Stocks Rallied On Big Fed Rate Hike; What To Do Now
Dow Jones futures rose solidly overnight, along with S&P 500 futures and Nasdaq futures. The stock market wobbled Wednesday after the Federal Reserve raised interest rates by the most since 1994, ...
Why stocks and bonds went into relief-rally mode after Fed’s jumbo rate hike
Financial markets suffered an absolute bloodbath in the days leading up to Wednesday’s Federal Reserve decision, with stocks plunging and bond yields soaring in the wake of surprisingly hot inflation ...
What the Fed Rate Hike Means for Your Savings, Credit Cards and Loans
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US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994 – 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 ...
Fed interest rate announcement highlights: largest rate hike since 1994, inflation to reach 2.2% in late 2024
In its much-anticipated June meeting, the Federal Reserve raised policy rates by 75 bps, which was above the stated 50 bps hike, to the range of 1.5% – 1.75%. The Federal Open Market Committee’s (FOMC...
Stock Market Jumps Even With Expectations Of Large Rate Hike
Stock market indexes climbed more than 1% Wednesday morning, their best gains in nearly two weeks, as investors waited for the Fed to announce its interest rate policy. X Indexes are rebounding from a...
Fed Makes Unusually Large Rate Hike, Expects Rates Over 3% By Year End
Jerome Powell, chairman of the US Federal Reserve, following a ceremony in Washington, D.C., US, on … [+] Monday, May 23, 2022. The Senate this month voted to confirm Powell for a second four-ye...
Fed Announces Biggest Interest Rate Hike in 28 Years; Bitcoin Gains
“Overall economic activity appears to have picked up after edging down in the first quarter,” the Fed said in Wednesday’s statement. “Job gains have been robust in recent month...
Here’s what the Fed’s highest rate hike in 28 years means for you
What the federal funds rate means to you The federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one another overnight. Although that’s n...
Fed members predict more hikes with the benchmark rate above 3% by year-end
U.S. Federal Reserve Chairman Jerome Powell testifies during the Senate Banking Committee hearing titled “The Semiannual Monetary Policy Report to the Congress”, in Washington, U.S., March...
Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994
The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressi...
Federal Reserve interest rate decision, June 2022
The Federal Reserve is expected to raise interest rates on Wednesday by 0.75%, the largest bump at a single meeting since 1994. In the face of higher-than-expected inflation and deteriorating consumer...
No Medium-Term Lending Facility Rate Cut But Online Retail Sales Pick Up
China Last Night KraneShares Key News Asian equities were a sea of red excluding Hong Kong and China, which posted gains. The PBOC kept the 1-year medium-term lending facility rate at 2.85% despite th...
‘Don’t Be Fooled’ By Latest Rally As Stocks Prepare For Looming Fed Rate Hikes, Experts Warn
Topline The stock market moved higher on Wednesday as investors nervously look ahead to the conclusion of the Federal Reserve’s upcoming policy meeting, with the central bank now expected to hike inte...
ETH, BTC Remain Lower Ahead of Federal Reserve Rate Decision – Market Updates Bitcoin News
ETH was close to falling below $1,000 on Wednesday, as markets began to prepare for the latest Fed policy meeting. Many expect that the FOMC will opt to hike interest rates today, as inflation continu...
Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years
US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, DC, on May 4, 2022. Jim Watson | AFP | Getty Images The Federal Reserve on Wednesday is expected to do somethin...
FED Hike Rate In Focus! Here’s How Crypto Market is Reacting
The Crypto space has been taking a hit lately. Bitcoin has been spooking markets across the board for at least a week, and there was also the celsius drama yesterday when investors felt the most pain....
Gundlach Says Fed Should Raise Rate to 3% on Wednesday
Reuters Yields hit decade highs before expected 75 bp Fed rate hike U.S. Treasury yields climbed to their highest levels in a decade on Tuesday as investors raised bets that the Federal Reserve will h...
Will Fed’s Rate Hike Pull Bitcoin Price To Hit $13k ?
Today Bitcoin (BTC) price tumbles again. All this price action is seen ahead of the Federal Reserve’s highly expected rise in interest rates today. At the moment, Bitcoin is trading at $21,130 with a ...
USD/CHF forecast ahead of the SNB and Fed rate decision
The USD/CHF price rose to parity for the first level since May ahead of the upcoming interest rate decisions by the Federal Reserve and the Swiss National Bank (SNB). It is trading at 1.0004, which is...
Fed’s biggest rate hike since 1994 means millions more homebuyers may be priced out of the housing market
Pity those first-time house buyers. On Wednesday, the U.S. Federal Reserve raised the benchmark interest rate by 75 basis points to a 1.5% to 1.75% range, the biggest increase since 1994 as it tries t...