BlockFi, a popular crypto lending platform, has slashed interest rates by half for some of the market’s cryptos held by non-US clients. Interest rates for Solana deposits will fall from 10% to 5...
Tag: Rates
How far is Bill Ackman right while thinking the Stock Market will collapse if the Fed does not hike rates aggressively?
Pershing Square Capital’s founder Bill Ackman thinks that inflation is uncontrollable and Federal Reserves should act aggressively on monetary tightening. Bill Ackman, Founder of Pershing Square Capit...
Fed Sees Asset Prices As Elevated, Expects To Raise Rates Further
WASHINGTON, DC – OCTOBER 04: Federal Reserve Board Chairman Jerome Powell attends an event at the … [+] Federal Reserve headquarters October 4, 2019 in Washington, DC. Powell participated ...
Stocks Rally After Fed Minutes Show Central Bank Will Continue To Raise Rates Aggressively
Topline Stocks rallied slightly on Wednesday after minutes from the Federal Reserve’s most recent policy meeting showed that the central bank is likely to continue raising interest rates by a half-per...
Fed Minutes to Come Today. Look for Insights on Rates, Mortgage Bonds, and More.
When the Federal Reserve on Wednesday releases the minutes from its most recent policy meeting, investors will get a deeper look at deliberations over monetary-policy tightening and officials’ views o...
Analysts say the Fed has no choice but to continue raising rates
As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the United States Federal Reserve after the central bank was slow to respond to...
New home sales plunge as high prices and rising U.S. mortgage rates discourage buyers
The numbers: Sales of new homes in the U.S. fell in April for the fourth month in a row to the lowest level since the pandemic owing to high prices and soaring mortgage rates. New sales slowed to a 59...
Waning institutional demand is forcing high-yield crypto accounts to slash rates
The returns available on crypto holdings have fallen to their lowest levels in more than a year on some platforms as institutional demand to borrow recedes, diminishing one of the market’s most attrac...
US Mortgage Rates Fall for the Second Time in Eleven Weeks
In the week ending May 19, mortgage rates fell for the second time in eleven weeks. 30-year fixed rates declined by five basis points to 5.25%. 30-year fixed rates rose by 3 basis points in the week p...
Bitcoin Spikes After Fed Says It Won’t Hike Rates That Much
The bitcoin price has been going through some tough times in the month of May. The currency has been trading in the high $30,000 range after several market factors – including rumors that the Fed was ...
With interest rates rising, should you refinance your mortgage?
With interest rates rising, should you refinance your mortgage? The time has finally come. The pandemic ushered in historically low mortgage rates and the biggest refi boom since 2003. But we all knew...
Record Inflation Rates Spread Worldwide, Could Crypto Ease Some of the Pain? (Op-ed)
The condition of the global economy seems to be in a state of knockdown. The years of financial boom after the crisis in 2008 ended with the outbreak of the COVID-19 pandemic at the beginning of 2020....
Nomura now expects the Fed to hike interest rates by 75 points in June and July — here are 3 stocks to help protect your wealth this summer
Nomura now expects the Fed to hike interest rates by 75 points in June and July — here are 3 stocks to help protect your wealth this summer The Federal Reserve has voiced its desire to calm spiking in...
5 economists and real estate pros on what mortgage rates will look like for 2022
What should you expect for mortgage interest rates in 2022? Getty Images/iStockphoto Mortgage rates have reached their highest point in 13 years, according to Bankrate’s national survey of lenders. An...
Fed isn’t focused on impact of rates on stocks, Esther George Says
Kansas City Federal Reserve President Esther George said Thursday that higher interest rates are needed now to bring down inflation and policymakers are not focused on the impact that is having on the...
Funding Rates Fall To Yearly Lows Following Bitcoin’s Fall Below $29,000
Bitcoin has had a rough couple of weeks leading up to this moment and the effects of this are still being felt all across the board. This has seen bitcoin’s price crumble below $30,000 once more. Alon...
Dow Jumps 400 Points After Powell Says Fed ‘Won’t Hesitate’ To Keep Raising Rates To Combat Inflation
Topline The stock market moved higher on Tuesday in an attempt to bounce back after six consecutive weeks of heavy losses, as investors digested the latest comments from Federal Reserve Chair Jerome P...
Powell says the Fed will not hesitate to keep raising rates until inflation comes down
Federal Reserve Chairman Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level. “...
Mortgage rates and home prices keep rising, but so far Americans are still house hunting in force
Mortgage rates and home prices keep rising, but so far Americans are still house hunting in force The average interest rate on a 30-year mortgage rose slightly again this week, hitting a 13-year high ...
China Cuts Mortgage Rates to Counter Collapse in Home Sales
(Bloomberg) — China’s central bank effectively cut the interest rate for new mortgages in an attempt to prop up the ailing housing market and boost the slowing economy. Most Read from Bloomberg ...
US Mortgage Rates Rise for the Ninth Time in Ten Weeks
In the week ending May 12, mortgage rates rose for the ninth time in ten weeks. 30-year fixed rates rose by three basis points to 5.30%. 30-year fixed rates jumped by 17 basis points in the week prior...
Student Loans Will Become More Expensive — Here Are The New Rates
President Joe Biden (Photo by NICHOLAS KAMM/AFP via Getty Images) AFP via Getty Images Student loans will become more expensive this year. Here are the new rates. Here’s what you need to know — and wh...
Amid bearish chaos Grayscale BTC and ETH, premium rates hit record…
The cryptocurrency market has witnessed a significant crash in the last few days. Bitcoin along with altcoins suffered a major crash that saw coins reaching levels never seen below. Needless to say, t...
Affirm stock up 30%: ‘higher rates have not been a real impact on cost’
Affirm Holdings Inc (NASDAQ: AFRM) stock opened 30% up on Friday after the BNPL company reported strong results for its fiscal Q3 and raised guidance for the full financial year. Key takeaways from Af...
US stocks close lower amid investor anxiety over higher rates
Thursday saw US stocks close lower again as losses mounted across the markets. With CPI data showing inflation at 8.3% in April year-over-year, and near the 40-year high of 8.5% registered in March, i...
Bitcoin Funding Rates Remain Unmoved Despite Plunge To $30,000
Bitcoin funding rates had taken a plunge at the beginning of May. While this had not been a pronounced bear trend at that point, the price of BTC was already showing some signs of weakness. That weakn...
Wharton’s Professor calls for a 100 bps increase in interest rates
U.S. inflation remained above 8.0% in April, which, as per Professor Jeremey Siegel of the Wharton School, calls for the central bank to be more aggressive than it has indicated. Highlights from Profe...
Crypto Sinks Lower Despite News of Falling Inflation Rates
Key Takeaways Today, the U.S. annual inflation rate came at 8.3%, slightly above economists’ expectations but 20 basis points lower than the March numbers. The prevailing sentiment among economi...
Tech Stocks in Their Lows, Losing Over $1T Since Federal Reserve Raised Interest Rates
Speaking at a news conference, Powell noted that the Federal Reserve understands the “hardship” inflation is causing and how it is affecting tech and other stocks. Stocks at large, especially tech sto...
This Rally Could Force the Fed to Raise Rates Higher
The markets make the news, not the other way around, an insight that has been quite humbling to one who has made a living by reporting and analyzing the impact of news on financial markets. Consider t...