Fed Holds Policy Steady, Expresses More Caution Than Expected on September Rate Cut
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. (AgnosticPreachersKid/Wikimedia)
Federal Reserve
Key Interest Rate Decisions Coming This Week From Fed, BOJ, BOE
The Fed is expected to hold policy steady but indicate an imminent rate cut, while the Bank of England is seen easing policy and the Bank of Japan is likely to hike rates.
Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists
A weakening labor market could persuade the Fed to cut rates even as inflation is not yet back to the Fed’s 2% goal.
Bitcoin Little-Changed Above $57K as Fed Chair Powell Testifies to Congress
Jerome Powell made clear that central bank policymakers are focused on downside risks to the economy as much as they are inflation.
TradFi Liquidity Stress Indicator Surges. What Does It Mean for BTC?
The secured overnight financing rate surged Monday, indicating liquidity stress in the U.S. banking system.
Fed Sees Just One Rate Cut This Year; Bitcoin Gives Up Session Gains
Fed Chair Jerome Powell (Helene Braun/CoinDesk)
Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say
Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said.
U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan
Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.
Finance market prices a single interest rate cut for 2024 in the U.S.
The finance market has dramatically shifted its expectations for U.S. interest rates in 2024, now pricing in just a single … Continue reading
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Bitcoin’s Modest Rally Cut Short, Price Tumbles Back Below $61K
Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.