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Fed Maintains Interest Rates, Seeks ‘Greater Confidence’ on Inflation Goal; Bitcoin and Gold Hold Steady

31.1.2024
On Wednesday, Jan. 31, 2023, the U.S. Federal Reserve opted to maintain the federal funds rate unchanged. The Federal Open Market Committee (FOMC) additionally stated that the committee “does not expect it will be appropriate to reduce the target range until it has gained greater confidence...

UBS Predicts Gold Prices Will Rise 10% in 2024 Amidst Fed Policy Pivot

24.1.2024
UBS, a financial services company, predicts that 2024 will be fruitful for gold, forecasting a price increase of 10% over current market prices. According to UBS analysts, this price increase will be powered by a pivot in the current policy of the U.S. Federal Reserve, which is projected to start...

Goldman Sachs Sees Fed Delivering First Rate Cut in Q3 2024: Reuters

11.12.2023
The Fed's benchmark interest-rate range is currently 5.25% to 5.5%

Bitcoin bulls fight to hold $34K as CME BTC open interest surpasses 100K

24.10.2023
A surge in CME BTC volumes and open interest highlight institutional investors' growing interest in Bitcoin. Will it be enough to keep the price in the current range?

MicroStrategy's Bitcoin stash is back in profit with BTC price above $30K

23.10.2023
The Michael Saylor-led software firm has made $132 million in unrealized profits from its Bitcoin bet

Bitcoin Holds $28K as Stocks Buckle Under Interest Rate Concerns

18.10.2023
The U.S. 30-year Treasury bond is on pace to close above 5% for the first time in more than 16 years

Macro factors to spark next crypto bull market in Q2 2024, Real Vision's Raoul Pal says

5.10.2023
Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal

Bitcoin Barely Holds $26K as Interest Rate Surge Continues

26.9.2023
Higher yields are taking a toll on traditional assets as well, with the Nasdaq sinking 1.2% to its lowest level since early June

Goldman Sachs Expects Fed to Start Cutting Interest Rates in Q2 Next Year

15.8.2023
Goldman Sachs has predicted that the Federal Reserve will start cutting interest rates in the second quarter of next year. The global investment bank’s economists also expect the Fed officials to forego hiking rates at their upcoming meeting. “We are penciling in 25 basis points of cuts...

Federal Reserve Governor Hints at More Interest Rate Hikes

8.8.2023
Federal Reserve Governor Michelle Bowman says additional interest rate increases will likely be needed to get inflation on a path down to the Fed’s target. “I will also be watching for signs of slowing in consumer spending and signs that labor market conditions are loosening,” the...

Japanese Yen Hits 20-Year Low Against US Dollar; BOJ Maintains Loose Policy Amid Inflation Pressures

2.8.2023
In the last month, Japan’s official currency has dipped slightly more than 1% in comparison to the U.S. dollar. Then, on Tuesday, the Japanese yen plummeted to its weakest position against the greenback in over 20 years, a shift that came after the Bank of Japan opted to keep its extremely...

Fed Raises Interest Rates by 25 Bps, Maintains Optionality on Further Hikes – Here is How Crypto Reacted

26.7.2023
As broadly expected by market participants, the US Federal Reserve just lifted interest rates by 25 bps, taking them to their highest level in 22 years at 5.25-5.5%. In his post-policy announcement press conference, Fed Chair Jerome Powell signaled that the Fed is maintaining the optionality...

Bitcoin Bounces at $29,500 Support, But Still Stuck Within Recent Ranges – Will the Upcoming Fed Meeting Break BTC’s Slumber?

21.7.2023
Bitcoin (BTC), the world’s first and largest cryptocurrency by market capitalization, has once again bounced at support in the $29,500 area and was last changing hands just above $30,000. BTC has tested key short-term support in the mid-$29,000s on multiple occasions so far this week, with...

Federal Reserve Chair Pushes Stronger Measures to Tackle Inflation, Considers Back-to-Back Rate Hikes

1.7.2023
Federal Reserve Chair Jerome Powell has reaffirmed the Fed’s hawkish stance. Noting that the latest economic data indicates that the Fed’s policy “may not be restrictive enough” and “has not been restrictive for long enough,” Powell stated that the central bank could...

San Francisco Fed President Deems 2 Rate Hikes in 2023 ‘Reasonable,’ Urges Caution in Monetary Policy

26.6.2023
Mary Daly, the president of the San Francisco Federal Reserve Bank, expressed her views this week, stating that she believes two additional rate hikes this year would be appropriate. However, she maintains a neutral stance regarding the forthcoming July Federal Open Market Committee (FOMC) meeting...

Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’

21.6.2023
Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressures continue to run high, and the process of getting...

Economist Steve Hanke Warns of an ‘Ugly’ Recession Looming and Accuses Federal Reserve of Directionless Policies

17.6.2023
Steve Hanke, an economist and professor of Applied Economics at Johns Hopkins University, as well as a former member of Ronald Reagan’s Council of Economic Advisors, recently expressed his belief that the U.S. Federal Reserve is lacking direction and “doesn’t know what it is doing.” Hanke...