Bitcoin Dips as U.S. November Job Growth of 199K Tops Estimates
Anticipating a slowdown in the economy and easier Fed monetary policy, investors have sharply bid down interest rates in the weeks leading up to this morning’s numbers.
Federal Reserve
U.S. CBDC Is Unlikely in the Near Term: Bank of America
The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.
Federal Reserve Leaves Rates Unchanged; Bitcoin Flat at $34.5K
Market participants will now turn to Fed Chair Jerome Powell’s post-meeting press conference to glean insight into the future path of U.S. central bank policy.
Bitcoin Eyes $29K, Defying Fresh Crypto Lawsuit, Rate Fears
The New York Attorney General filed early Thursday a lawsuit against Genesis, Gemini and DCG for allegedly defrauding investors of $1 billion.
Fed Report: Silvergate Bank Got Fatally Ensnared in Crypto While Examiners Shrugged
Silvergate Bank transformed from a community lender to a high-flying crypto bank without its Federal Reserve examiners raising an alarm, according to a report from the Federal Reserve’s Office of Inspector General (OIG), allowing the bank to take risks that would turn fatal.
Bitcoin Tumbles to $26.9K on Hawkish Remarks by Federal Reserve’s Powell
The pause in rate hikes had been overwhelmingly expected by market participants, who will now begin focusing on the U.S. central bank’s next policy meeting in November.
Bitcoin Hangs on Just Above $27K Ahead of Fed Rate Decision
The Fed on Wednesday is widely expected to hold rates steady, but investors will monitor new economic projections and Chairman Powell’s press conference for clues about the direction of future policy.
U.S. Interest Rates High Enough to Tame Inflation, Avoid Recession: Chicago Fed
Federal Reserve Bank of Chicago economists predict low inflation and a resilient economy, a potential goldilocks scenario for risk assets, including cryptocurrencies.
Jackson Hole: Where Fed Policy Is Decided on the Fly
(Karsten Winegeart/Unsplash, modified by CoinDesk)
Bitcoin Dips Below $26K, Smaller Cryptos Head Lower on Fed’s Powell’s Hawkish Remarks
Federal Reserve chair Powell speaking at Jackson Hole doubled down on keeping financial conditions tight, including hiking interest rates further if needed.