Fri, March 29

Search Results for: Fed

U.S Federal Reserve Keeps Interest Rate Unchanged

A decision to maintain unchanged interest rates has been made by the Federal Reserve. Based on this decision, the benchmark overnight interest rate will remain between 5.25% and 5.50%. The decision follows two years of vigorous monetary policy tightening by the Federal Reserve. The action was taken in reaction to

March 21, 2024 2 mins read

Bitcoin Dips Below $61K Amid ETF Outflows & Fed Decision

Bitcoin (BTC) has displayed a notable downturn, succumbing to pressures as it dropped by a significant 7% today, March 20. This downward spiral marks the second consecutive day of outflows for Bitcoin ETFs, with $326 million exiting the market, more than doubling the previous day’s figures. The BTC price decline

March 20, 2024 2 mins read

US Stock Surge Sparks Crypto Uncertainty Amidst Fed Rate Cut Speculation 

Amidst the record-breaking performance of the S&P 500, fueled by robust corporate earnings, the US stock market surge is not just elevating investor sentiments but also triggering uncertainty in the crypto markets. As corporate earnings take the spotlight, attention is shifting towards the Federal Reserve’s future trajectory, leaving crypto enthusiasts

February 25, 2024 3 mins read

Robert Kiyosaki Backs Bitcoin, Warns of U.S Fed’s Impact on Economy

The renowned financial educator and prominent author of “Rich Dad Poor Dad” Robert Kiyosaki has spoken out against the Federal Reserve of the U.S and yet again advocated for other potential investments including Bitcoin, gold, and silver. Because of his belief that the practices of the United States central bank

February 18, 2024 1 min read

Stablecoins Boost Dollar’s Global Status, says Federal Reserve Governor

According to Federal Reserve governor Christopher Waller, the dollar’s position as a worldwide reserve currency may be being solidified by the widespread use of stablecoins denominated in U.S dollars in the decentralized finance (DeFi) space. Waller said at a central banking-focused conference on February 15 that the U.S. dollar is

February 16, 2024 2 mins read

U.S January CPI at 3.1% Triggers Speculation on Fed Rate Cut Delay

Inflation came in at 3.1% in January, according to figures released by the U.S. Bureau of Labor Statistics’ consumer price index (CPI). While this was better than market expectations of 2.9%, it was below the 3.4% inflation print from December. The report has also moved the U.S Federal Reserve’s rate

February 13, 2024 1 min read

CFTC Chair Urges Federal Legislation Amid Concerns Over Spot Bitcoin ETFs

Rostin Behnam, chair of the Commodity Futures Trading Commission (CFTC), expressed concern that the recent licensing of spot bitcoin ETF products poses dangers and reiterated his need for federal legislation to govern cryptocurrency.  Behnam made these comments two weeks after the first group of spot bitcoin ETFs were authorized by

January 27, 2024 2 mins read

Goldman Sachs Revises Fed’s First Interest Rate Decrease Prediction

Reuters reported on Monday that investment firm Goldman Sachs revised its prediction for the first interest-rate decrease by the Federal Reserve from Q4 to the Q3 of next year. This change occurs at a time when the cryptocurrency market as a whole, and bitcoin in particular, have been experiencing a

December 11, 2023 1 min read

US Fed Keeps Interest Rates Unchanged, Bitcoin Hits 17-Month High

The US Federal Reserve made a significant decision during its policy meeting from October 31 to November 1. Despite the US economy’s resilience and persistently high inflation above the Fed’s 2% target, the central bank chose to keep interest rates steady at their current 22-year high. This decision marks the

November 2, 2023 2 mins read

Ripple’s XRP Pumps 8% as Federal Judge Denies SEC’s Bid to Appeal

In a significant setback for the U.S. Securities and Exchange Commission (SEC) in its quest to regulate the cryptocurrency market, a federal judge has rejected the SEC’s request to appeal her recent ruling involving Ripple Labs, the company behind the XRP token. District Judge Analisa Torres ruled that the SEC

October 4, 2023 2 mins read