Stock futures rose slightly in overnight trading Tuesday as investors anxiously awaited the Federal Reserve’s aggressive action to tame surging inflation. Futures on the Dow Jones Industrial Ave...
Tag: Rate
Jim Cramer calls for ‘monster rate hikes’ ahead of key Fed decision
CNBC’s Jim Cramer on Tuesday called for Federal Reserve Chair Jerome Powell to implement aggressive interest rate hikes to tamp down inflation. “Jay Powell can’t solve the war in Ukr...
30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago
Jb Reed | Bloomberg | Getty Images Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets. The average rate on th...
Stock Market ‘Carnage’ Set To Worsen As Fed Rate Decision Looms—Here’s How Bad It Could Get
Topline As major indexes plunge into bear market territory, a growing number of experts are warning that key indicators suggest the latest stock selloff will only intensify before it subsides, especia...
Bond Traders Raise Bets for Fed Rate Hike, Adding to BTC Pressure
Up until last week, economists predicted a 50 basis point rate increase, as happened in May. But a U.S. government report Friday showed the consumer price index, which tracks inflation, rose to a new ...
IRS boosts mileage rate deductions as gas prices soar to $5 a gallon
Guy Benhamou sends a picture of gas prices to friends while pumping gas at an Exxon Mobil gas station on June 9, 2022 in Houston. Brandon Bell | Getty Images If you’re self-employed or own a sma...
Bitcoin Hash Rate Jumps To Sky As BTC Falls Below $25k
Hash rate plays a vital role in every Proof-of-Work (PoW) blockchain. It measures the computational drive for all transaction verification and block additions to the network. Hence, the Bitcoin hash r...
A 75-basis-point hike? Here are 3 ways the Fed can sound more hawkish this week
The Federal Reserve’s plan to raise its benchmark rate to a neutral level, around 2.5%, by the end of the year is under pressure after a surprisingly strong May consumer-inflation data. “The May CPI w...
Is Fed’s Interest Rate Hike the Biggest Impediment to Bitcoin’s Bullish Outlook?
With speculations high that the Federal Reserve (Fed) will increase the interest rate by 75 basis points (bps) on June 15 to tame inflation, this might dent Bitcoin’s bullish outlook as the leading cr...
JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed – Economics Bitcoin News
The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the Fed to incr...
A Fed Rate Hike of 75 Basis Points Is a Done Deal for Traders
(Bloomberg) — Traders are betting the Federal Reserve will raise rates by three quarters of a percentage point at least once in its next three meetings to cool the hottest inflation in four deca...
Bitcoin hash rate marks all-time high as BTC price drops below $25K
Bitcoin (BTC) hash rate, a network security measure based on computing power for mining, achieved a new all-time high (ATH) of 231.428 ExaHash per second (EH/s) amid an ongoing bear market that witnes...
US Mortgage Rates Jump on Fed Rate Hike Expectations
In the week ending June 9, mortgage rates rose for the first time in four weeks. 30-year fixed rates jumped by 14 basis points to 5.23%. 30-year fixed rates had slipped by one basis point in the week ...
levels to watch with Fed interest rate decision in focus
Gold price ended the week in the green after US inflation data boosted its viability as a hedge against inflation. Even so, a strong US dollar and rising Treasury yields will likely curb its gains in ...
CPI inflation rate reinforce economic concerns
The latest data released by the Bureau of Labor Statistics (BLS) in the United States shows that consumer prices surged 8.6% year on year in May. This is the highest annual rise since December 1981, d...
Gina Sanchez: ‘Mr Cooper is natural hedge against interest rate rise’
Mortgage stocks are not a common pick for investors in the rising rate environment. Still, Lido Advisors’ Gina Sanchez says Mr Cooper Group Inc (NASDAQ: COOP) is an exception here. Highlights fr...
Larry Summers Says Fed Forecasts Look Ridiculous, Warns on Rate Delay
(Bloomberg) — Former Treasury Secretary Lawrence Summers said the Federal Reserve has failed to account for its mistakes and to realize the damage to its credibility after the latest inflation d...
CPI inflation rate of 8.6% – what it means going forward
I’m nostalgic for the days when markets used to depend on Jerome Powell’s every word. To be honest, I’m nostalgic for green market days. Maybe I’ll be sitting on the couch in forty years, spinning tal...
Bitcoin Miners To Witness Rate Hike By 29% On Hydroelectric Power In Washington
The promise of Washington state to provide cheap hydroelectric power for Bitcoin miners apparently went in vain. Chelan County has now executed a new cryptocurrency rate hike by twenty-nine perc...
CPI Inflation Rate Shock Jolts Fed Policy Outlook; Dow Jones Tumbles
The consumer price index came in hotter than expected in May, as the CPI inflation rate eclipsed March’s 40-year peak. Following Thursday’s stock market rout, the Dow Jones fell sharply a...
Russian Central Bank Slashes Interest Rate To Pre Invasion Levels As Inflation Appears To Peak
Topline The Russian Central Bank on Friday revised interest rates down to 9.5%—the same as it was in February prior to Russia’s ongoing invasion of Ukraine—a sign that inflation in Russia may have pea...
CPI news sends stocks tumbling: inflation rate hits 40-year high
The Dow Jones Industrial Average is down more than 800 points on Friday after investors reacted negatively to the latest inflation data in the US. The consumer price index (CPI) data for May showed p...
Peter Schiff: real inflation rate ‘closer to 20%’
The US inflation reading for May came in at 8.6% year-on-year, its highest pace since 1981, to send markets plummeting. Peter Schiff, Chief Executive Officer at Euro Pacific Capital, says the real con...
Bitcoin Miners Will See 29% Rate Hike on Hydroelectric Power in Washington
The promise of cheap, hydroelectric power for Bitcoin miners in Washington state has started to fade. A 29% rate hike for hydroelectric power in Chelan County, created specifically for cryptocurrency ...
Anchor dev claims he warned Do Kwon over unsustainable 20% interest rate
Anchor Protocol was originally designed to offer an interest rate of 3.6%, but this was dialed up to 20% just a week before release to attract more investors, a core developer alleged in an interview ...
Bitcoin Hash Rate Recovers to New All-Time Highs
After a brief slowdown in May, the Bitcoin network’s hash rate has rebounded to new all-time highs. In total, miners are now producing an average of 258 exahashes per second (EH/s), per day. According...
AUD/USD price forecast after the RBA’s surprise rate hike
This week, one of the two central banks scheduled to release their monetary policy surprised markets with a bigger than expected rate hike. In Australia, the Reserve Bank of Australia (RBA) lifted the...
Costco discussing membership rate hikes after renewals hit 90%
Costco Wholesale Corp. is talking over membership fee hikes after reporting an all-time renewal rate high of 90%. The last time Costco raised its membership fee was in June 2017. Historically, fees ri...
Shiba Inu’s burn Rate Surged By 189 Percent In 24 Hours And The Amount Of Holders Also Grew Dramatically
This popular cryptocurrency achieved this burn rate in less than 24 hours, as shown in the screenshot. In the last 24 hours, 141,010,050 Shiba tokens have been burnt, according to the tracker’s ...
Shiba Inu burn rate registers 190% surge, will the price hike follow soon
Shiba Inu and the native token SHIB are creating headlines within the crypto market since the beginning of 2022. A day ago SHIB initiated some adjustments to the reward distribution using the LEASH LO...
Bitcoin miner Hive grew its hash rate by 8% in May
Bitcoin miner Hive grew its hash rate by 8% in May, according to the company’s most recent operational update. “We are pleased to report in May HIVE continued its strong momentum in expand...