Lael Brainard, vice chair of the US Federal Reserve, during a University of Chicago Booth School of Business event in Chicago, Illinois, US, on Thursday, Jan. 19, 2023. Jim Vondruska | Bloomberg | Ge...
Tag: Rates
JPMorgan CEO Says Rates Could Hit 6% And Bitcoin Is “A Hyped Up Fraud”
(Photo by Mark Wilson/Getty Images) Getty Images Key Takeaways JPMorgan CEO Jamie Dimon has given an interview at the World Economic Forum in Davos, Switzerland, and he wasn’t mincing words. He believ...
JPMorgan CEO says interest rates will ‘go higher than 5.0%’: here’s why
The U.S. central bank will have to push interest rates higher than what its currently projecting to win the battle against inflation, says Jamie Dimon – the Chief Executive of JPMorgan Chase & Co....
Peter Thiel’s fund sold bitcoin holdings as downturn intensified, Fed hiked rates: FT
Peter Thiel’s Founder Fund sold its bitcoin holdings last year as the market decline intensified. The fund, which invests in “revolutionary technologies that reshape the way we inte...
Canada Home Prices See Record Drop as High Rates Hit Buyers
(Bloomberg) — Canadian home prices fell by the most on record in 2022, as rapidly rising interest rates forced a market adjustment that may have further to go. Most Read from Bloomberg The count...
Jeff Booth Warns of Debt Deflation If Federal Reserve Keeps Hiking Interest Rates – Economics Bitcoin News
The author of “The Price of Tomorrow,” Jeff Booth, has warned about debt deflation, calling it a “great depression on steroids,” if the Federal Reserve continues to hike interest rates. He believes th...
As mortgage rates fall, borrowing below 6% is becoming a ‘distinct possibility’ — here’s what to look for in the coming months
‘Scrap of hope’: As mortgage rates fall, borrowing below 6% is becoming a ‘distinct possibility’ — here’s what to look for in the coming months As inflation eases, mortgage rates are dropping once mor...
‘We can expect mortgage rates to go down’
Homebuyers may finally catch a break this year, says one expert, as signs of fading inflation could drive mortgage rates lower as soon as this month. “Mortgage rates have declined by almost a full per...
Bitcoin Funding Rates Hit 14-Month High
The crypto market has started the year 2023 with a remarkable, bullish run. Over the last few days, several assets have recorded significant profits and are starting to pull through the crypto winter....
BTC Price May Pull Back as Funding Rates Hit 14-Month High
CryptoQuant tweeted that BTC’s Funding Rates have hit a 14-month high. BTC’s price is down 0.56% over the last 24 hours. The market leader’s price needs to overcome the next resistance to continue its...
BTC could retest $19k mark, boosted by current U.S. inflation rates, details inside
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. BTC could retest the $19.00K mark. A break below ...
JP Morgan Analyst Calls on Fed to Stop Hiking Interest Rates
David Kelly – Asset Management Chief Global Strategist for JP Morgan Chase – said it’s time for the Federal Reserve to quit hiking interest rates if it wants to keep the U.S. economy intact. Having “...
Mortgage refinance demand surges, as homeowners take advantage of lower interest rates
After rising at the end of the year, mortgage rates dropped sharply last week. That drove demand from current homeowners hoping to save on their monthly payments, but it did little to excite potential...
Increasing Interest Rates Continue To Drive Down Mortgage Demand
| Getty Images Key Takeaways Mortgage demand for purchases is down 41% year-over-year, and refinance demand is down 84% year-over-year. Housing prices are higher than a year ago, and experts believe t...
Jamie Dimon says Fed ‘may very well’ raise interest rates to 6%
Jamie Dimon expects the Federal Reserve will raise interest rates higher than most officials and Wall Street strategists have forecast as the U.S. central bank continues its fight against persistent i...
A 1981-level mortgage rate shock has the housing market in a correction—these 7 leading research firms predict what’s next for rates
The Federal Reserve eventually quelled the inflationary run that took off in the 1970s, but only after the central bank’s aggressive rate hikes saw mortgage rates top 18% in 1981 and the housing...
Jamie Dimon Says Fed May Need to Hike Interest Rates Beyond 5%
(Bloomberg) — Jamie Dimon said the Federal Reserve’s rate hikes might need to go beyond what’s currently expected, but he’s in favor of a pause to see the full impact of last year’s increases. M...
Daly Sees Fed Raising Rates Above 5%, But How Far Is Unclear
(Bloomberg) — Two Federal Reserve officials said Monday that the central bank will likely need to raise interest rates above 5% before pausing and holding for some time. Most Read from Bloomberg...
Mortgage rates to double for nearly 800,000 homes this year
Some 1.4m households will renew their mortgages this year – Joe Giddens/PA Wire Almost 800,000 households are expected to see their mortgage rates more than double this year as they come off low...
CME launches reference rates for Axie Infinity, Chiliz and Decentraland
The US’s largest and most diversified derivatives market, the Chicago Mercantile Exchange (CME) announced the launch of reference rates for Axie Infinity (AXS), Chiliz (CHZ) and Decentraland (MANA) on...
Federal Open Market Committee: rates in 2023
Yesterday saw the release of the Fed’s minutes, which are the documents of the recent meetings of the Federal Open Market Committee, better known by its acronym FOMC. The FOMC is the body of the US c...
Fed plans to keep raising interest rates in 2023 but at a slower pace
Officials at Dec. 13-14 FOMC meeting agreed to continue increasing the cost of credit in 2023 but gradually to limit economic growth risks. The FOMC meeting declared: “No participants anticipated that...
Byron Wien Sees Market Bottom by Mid-Year, Positive Real Rates
(Bloomberg) — The US stock market will bottom by the middle of 2023 as the Federal Reserve tamps down inflation without causing anything worse than a “mild” economic recession, according to Byro...