The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the four consecutive three-quarters of a point increases codified during the last few months. The FOMC’s rate hike follows the recent U.S. inflation report which indicated […]
Tag: FOMC
Biggest Movers: SOL Hits 3-Week High, as ADA Consolidates Ahead of FOMC Meeting
Solana surged to a three-week high ahead of this afternoon’s Federal Open Market Committee meeting (FOMC). The token rose for a second consecutive day, hitting a key price ceiling in the process. Cardano mainly consolidated on Wednesday, as prices fell from a recent high. Solana (SOL) Solana (SOL) was a notable gainer on Wednesday, as […]
Jerome Powell Contradicts Fed’s Own Statement, Chaos Ensues
The Federal Reserve raised interest rates again, but Jerome Powell’s speech leaves many feeling uncertain as to the course the Fed will take in the future.
Dovish, Then Hawkish: What Fed Chair Powell Said That Crashed Markets
U.S. equities rallied following the FOMC’s 75 bps hike in interest rates, only to crash as Fed Chair Powell hinted at higher-than-expected terminal rates.
The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise
The U.S. Federal Reserve introduced another jumbo rate hike on Wednesday, Nov. 2, 2022, by hiking the federal funds rate (FFR) by 75 basis points (bps). The American central bank said on Wednesday that the hike aims to curb inflation and the Fed says “recent indicators point to modest growth in spending and production.” U.S. […]
The Federal Reserve Lags Behind The Inflation Curve
As the market hangs on the edge of continued rally or turning over, hawkish or dovish commentary may drive exceedingly volatile market reactions.
Has Inflation Peaked In The United States?
Shelter is the highest part of the consumer price index and it is a lagging indicator, meaning prices may have already reached their highest.
Is The Bottom In For The Bitcoin Price?
After the September FOMC meeting, Bitcoin Magazine Pro recaps the medium-term thesis for bitcoin and how to think about the looming macro volatility.
Fed Goes Big Again With 75 Basis Point Hike In Bid To Curb Inflation
The Federal Reserve hiked interest rates by three-quarters of a percentage point for the third consecutive time, sending Bitcoin below $19,000.
Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation
The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last week that showed U.S. inflation jumped last month by 8.3% per annum. Fed Raises Federal Funds Rate by 75bps anticipates ‘Ongoing Increases’ On September 21, […]