Tag Archives: fed

CoinspeakerGold Set to Hit $2,200 with Silver Expected to Rise When Federal Reserve Begins Cutting Rates, Says UBS A UBS strategist says that both gold and Bitcoin will benefit from the Fed when the agency decides to cut interest rates. Gold Set to Hit $2,200 with Silver Expected to Rise When Federal Reserve Begins Cutting Rates, Says UBS

CoinspeakerSpot BTC ETFs Are Bullish despite US Fed’s ‘Hawkish’ Stance Spot BTC ETFs enjoy bullish momentum based on consecutive cumulative net inflows despite BTC's short-term pullback after the US Fed’s rate decision. Spot BTC ETFs Are Bullish despite US Fed’s ‘Hawkish’ Stance

CoinspeakerRobert F. Kennedy Jr and Donald Trump Take Similar Position about CBDC in US Kennedy expressed his concerns about the potential infringement on civil liberties that comes with the ability to monitor every transaction. Robert F. Kennedy Jr and Donald Trump Take Similar Position about CBDC in US

2024 could be a slower year for the business landscape in the US economy, however, many economists are positive that the US recession could be thwarted with a soft landing. Bulls made a strong comeback this year in 2023, and as the year ends, the Fed has given major signals of interest rate cuts in 2024. This has kept the markets upbeat and investors bullish on Wall Street. Does this mean that the US economy is completely out of the woods? Well, not entirely as economists share mixed...

The Bureau of Economic Analysis reported that GDP increased at a 4.9% annualized rate in Q3, slightly below the previously reported 5.2% pace. The latest report from the United States Labor Department reveals a marginal increase in weekly jobless claims, with the number rising by 2,000 to 205,000 for the week ending December 16. While this uptick might raise eyebrows, it is important to note that the overall trend remains at historically low levels, indicative of a labor market that has...

As the crypto market braces for the Federal Reserve’s decision, traders are showing caution, evidenced by a 40% drop in trading volume over the last 24 hours. Bitcoin (BTC), the world’s leading cryptocurrency, finds itself in a period of consolidation around the $41,000 price mark, as traders eagerly await the Federal Reserve‘s interest rate decision, scheduled for today. Bitcoin’s Price Movement Bitcoin’s recent journey in the market has been characterized by volatility, with the price...

This week, the decision from the Fed regarding interest rates and inflation statements for November will be released. These are both expected to trigger market volatility. As the year wraps up, Bloomberg is predicting that several key events this week will lead to increased stock market volatility. The first of these is the decision by the Fed on interest rates. Ever since the record increases in interest rates back in March 2022, market watchers have been even more on edge regarding...

Mortgage rates are expected to continue their downward trend in December. The US mortgage market is witnessing a resurgence in refinance demand, marked by a substantial 14% increase in applications. According to a CNBC report, this surge is attributed to a recent drop in mortgage rates, bringing them down to their lowest point since August. After a robust 8% rise in October, US mortgage rates are again approaching the 7% mark. This decline is proving to be a catalyst for the refinance...

According to Matrixport, Bitcoin would rise close to its current all-time high by April, and hit $125K by end of 2024. Matrixport’s latest report predicts that the price of Bitcoin (BTC) will hit $125,000 by the end of 2024. The firm’s analysis hinges on a combination of historical data and market trends. These factors indicate the potential for a surge in price for the world’s leading cryptocurrency. Backed by insights into Bitcoin’s fifth bull market, Matrixport’s prediction adds to many...

Stock futures are mixed after the Dow Jones Industrial Average closed its best month in more than a year. The Dow Jones Industrial Average surged to a new high for the year on Thursday. This marked a stellar month-end performance amidst signs of reduced inflation and robust earnings reports. Climbing by 520 points, or 1.47%, the Dow closed at 35,950.89, surpassing its previous peak set in August. Similarly, the S&P 500 added 0.4% to hit 4,567.80, while the Nasdaq Composite dipped...