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Bank of America CEO Discusses Economic Slowdown and Fed Cutting Interest Rates
22.10.2023
Bank of America CEO Brian Moynihan expects the U.S. economy to slow down in the middle of next year. The executive also noted that according to his bank’s research, the Federal Reserve will start cutting interest rates in the middle of next year to the latter half of next year. Bank of America Boss...
Gold Heats Up, China’s Gold-Backed Bond Move, and the 10-Year Treasury Note’s Ominous Rise
21.10.2023
In the turbulent macroeconomic landscape marked by clashes in Ukraine and Israel, and with the Fed’s Jerome Powell alluding to persistent and escalated interest rates, the 10-year Treasury note has soared to 5% — a milestone not seen since 2007. Amid this whirlwind, both gold...
Fed’s Powell Hints at Continued Elevated Rates; Fedwatch Tool Indicates Near-Certain Hike Next Month
19.10.2023
Federal Reserve Chair Jerome Powell stressed on Thursday the U.S. central bank remains committed to bringing down inflation and will maintain restrictive monetary policy until prices cool. Speaking at the Economic Club of New York, Powell hinted that further interest rate hikes may be appropriate...
Federal Reserve Chair Jerome Powell Talks US Economy and Inflation at Economic Club of New York
19.10.2023
Today, Federal Reserve Chair Jerome Powell addressed critical economic issues facing the United States in a talk at the Economic Club of New York.
During the speech, Powell discussed the state of the U.S. economy, recent monetary policies, and future plans of the Federal Reserve. The topics that...
BTC price climbs to $28.6K as Bitcoin awaits 'very dovish' Fed Powell speech
19.10.2023
Bitcoin may witness a "very dovish" move from Powell as high U.S. bond yields cause a stir, while BTC price passes $28,600
Just how bullish is the Bitcoin halving for BTC price? Experts debate
18.10.2023
Analysts recently debated whether or not the Bitcoin halving is still a meaningful catalyst for BTC’s price discovery
Fed Governor Questions Need for US Central Bank Digital Currency
18.10.2023
A top Federal Reserve official said Tuesday she has yet to be convinced there is a need for the U.S. central bank to develop a digital currency. Fed Governor Remains Unconvinced on U.S. CBDC, Cites Existing Innovations and Risks In a discourse at Harvard Law School, Fed Governor Michelle Bowman...
Fed governor Bowman doubles down on CBDC skepticism, likes stablecoin no better
17.10.2023
Michelle Bowman told a university audience that financial innovation should be justified by need and be properly regulated
Fed Governor Bowman Says U.S. CBDC May Pose 'Significant Risk'
17.10.2023
Governor Michelle Bowman suggests other payments services, including FedNow, may do a CBDC's job better, and she's also suspicious of the dangers of stablecoins
Frax Finance's Fed Yield-Matching Staking Vault Attracts $30M, FXS Steady
13.10.2023
Early Thursday, Frax unveiled sFRAX staking vault, allowing users to take advantage of higher interest rates in the U.S
Here’s How the Latest Hot US CPI Numbers Impacted Crypto Markets
12.10.2023
Hotter-than-expected US Consumer Price Index (CPI) inflation numbers did little the shift sentiment in the crypto market on Thursday.
Bitcoin (BTC) was last trading just under $26,700, just to the north of its 50-Day Moving Average (DMA), which appears to be offering support for now, but still...
US Inflation Rises Beyond Projections: Markets Jittery, Rate Hike in Question
12.10.2023
In September, U.S. inflation surpassed expectations, with the U.S. Bureau of Labor Statistics revealing a 3.7% year-on-year surge in the consumer price index (CPI), as per the latest data. While core inflation slightly decreased from 4.3% to 4.1%, market pundits anticipate that the U.S. Federal...
Bitcoin’s 300% Surge From Early 2019 in Focus As Fed Officials Favor Rate Pause
12.10.2023
The 2019 playbook offers a bullish view for bitcoin as Fed officials signal pause in the rate hike cycle
Peter Schiff Anticipates No Further Interest Rate Hikes Amid Middle East War — Warns ‘Crisis Is Assured’
12.10.2023
Economist Peter Schiff compared the attack on Israel to 9/11, calling it “the beginning of a bad situation.” He highlighted several factors that will weaken the U.S. economy, which he described as “already structurally weak.” The economist stressed: “The U.S. can’t even...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $28,000 Ahead of Key US Economic Reports
10.10.2023
Bitcoin consolidated recent losses on Tuesday, as focus shifts to Wednesday’s Federal Open Market Committee (FOMC) minutes. Traders will look for guidance from the report, to see the Fed’s stance on the economy, after opting to keep rates unchanged last month. Ethereum remains below...
Biggest Crypto Gainers Today on DEXTools – UNV, SPEPE, HAMMER
6.10.2023
Despite much hotter-than-expected US jobs numbers released earlier on Friday, Bitcoin (BTC) is having another go at pushing back above the $28,000 level and its 100 and 200DMAs.
The world’s first and largest cryptocurrency by market capitalization initially fell following the data, but has since...
Bitcoin Price Whipsaws Following Blockbuster US Jobs Report - Here's Where BTC is Headed Next
6.10.2023
Bitcoin (BTC), the world’s first and largest cryptocurrency by market capitalization, has seen whipsaw price action since the release of a much stronger-than-expected US jobs report for September.
The blockbuster report showed the US economy adding 336,000 jobs last month, nearly double the median...
Bitcoin price dives 2% on US jobs data as Fed rate hike bets heat up
6.10.2023
Bitcoin briefly heads back down to $27,000 thanks to unexpected non-farm payrolls numbers, with BTC price staging a strong recovery
Bitcoin still beating US dollar versus 'eggflation' — Fed data
5.10.2023
Bitcoin is an unlikely choice for egg purchasing, but the amount needed per dozen speaks for itself
Fed inspector blames crypto focus, nepotism for Silvergate Bank collapse
3.10.2023
An investigation into Silvergate Bank found that its collapse was brought about by a dependency on crypto deposits and “ineffective” senior management