Bitcoin profit takers swooped in to capture recent profits on Wednesday, as the cryptocurrency retreated below a recent high above $35,000. The decline comes ahead of Federal Reserve Chair Jerome Powell’s speech later today. Ethereum also edged lower, dropping under the $1,800 level. Bitcoin Bitcoin was trading lower on Wednesday, as traders appeared to have […]
Tag: Federal Reserve
Fed’s Powell Hints at Continued Elevated Rates; Fedwatch Tool Indicates Near-Certain Hike Next Month
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 if price pressures persist. Powell Signals for More Monetary Tightening […]
A Dovish Jerome Powell Signals Fed Is Done Hiking Rates—for Now
Powell sent a message that the Fed’s next “move” will be a long pause in interest rate changes.
Fed Governor Questions Need for US Central Bank Digital Currency
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 articulated that the case for […]
Carney on ‘Kudlow’: Inflation Is Going Back Up and We’ll Need a Shock-Inducing Rate Hike
On Thursday’s broadcast of the Fox Business Network’s “Kudlow,” Breitbart Economics Editor John Carney reacted to the September CPI report and stated that the inflation progress over the summer appears to be an outlier and ̶…
Breitbart Business Digest: The Fed’s Fight Against Inflation Has Stalled
The Federal Reserve’s fight against inflation has faltered.
Gold Hits Two Week High As Uncertainty Grows
Overnight the gold price hit a two-week high. One of the ‘supports’ for the gold price was the release of FOMC minutes yesterday, something that once upon a time would have done a bit of a number on the price of gold. Instead, it barely blinked. The metal also finds itself well supported on account […]
The post Gold Hits Two Week High As Uncertainty Grows appeared first on GoldCore Gold Bullion Dealer.
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $28,000 Ahead of Key US Economic Reports
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 $1,700 in today’s session. Bitcoin Bitcoin (BTC) continued to trade below […]
Bitcoin Won’t Fix The Federal Reserve
From “The Withdrawal Issue”, George Kaloudis discusses why Bitcoin’s existence will not inspire responsible behavior from the Fed.
Breitbart Business Digest: The Bond Market Won’t Cause a Recession—But the Fed Might
The recession is back on, baby.