The FDIC and Fed are looking for ways the US government can guarantee all bank deposits amounting to $17 trillion should the financial turmoil worsen. The US government is considering ways to guarantee bank deposits if the current banking crisis worsens. According to reports, the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve are exploring a potential guarantee of all US bank deposits. Officials from both parastatals embarked on this scheme on advice from a banking...
Read More »Goldman Sachs Note Expects Fed to Pause Next Rates Hike Following Banking Crisis
A Goldman Sachs economist anticipates that the Fed would suspend its forthcoming rates hike due to “stress in the banking system.” Goldman Sachs (NYSE: GS) believes the US Fed would not hike rates as planned due to prevailing macroeconomic circumstances. In a note published Monday morning, the banking giant’s economist David Mericle pointed to the ongoing banking crisis as a deterrent. According to Mericle, the recent collapses of Silicon Valley Bank (SVB) and Signature Bank make any...
Read More »Fed Swells Its Balance Sheet by $300 Billion in Wake of Crisis, All Monetary Tightening Efforts in Vain?
As the Fed intervenes in order to prevent a crisis in the US banking system, analysts answer whether the Fed has chosen to pivot from its quantitative tightening measures. The banking crisis last week in the US pushed Wall Street to the edge giving glimpses of yet another 2008-like financial crisis. However, the Fed and other agencies intervened pumping a fresh $300 billion into the economy and thus increasing its balance sheet. This has served as a temporary oxygen to the global...
Read More »Treasury Yields Climb amid Latest Investor Interest Rate Outlook Assessment
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Read More »Bitcoin and Ether Price Jumps Over 9% as Fed and FDIC Come at SVB Depositors’ Rescue
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Read More »Opinion: Crypto Fans, It’s Time to Say “No” to Joe Biden
Crypto fans (and everyday Americans) are counting down the days to November 2024. Why? Because that’s the month they can finally vote Joe Biden out of office for good. Biden Has Done Nothing for America or Crypto Traders Biden has arguably been the most destructive leader America’s ever witnessed. In just the last two years, the economy has fallen into disarray, inflation is at an all-time high, food and gas prices have soared, crime and homelessness have increased, and...
Read More »European Markets Flat amid Impending Fed Chair Comments
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Read More »2-year Treasury Yield Attains 17-year High amid Sustained Fed Rate Hikes
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Read More »Arthur Hayes Thinks BTC Is Going to Crash Again
The bitcoin price has recently topped $23,000, hitting its highest number in about six months, but while things are looking good for crypto, not everyone is happy. According to figures like former chief executive of BitMEX Arthur Hayes, a global crash is coming that could wipe out BTC and all its altcoin cousins. Arthur Hayes Is Predicting Gloom and Doom for BTC Some investors and analysts are reigning in the positivity. Marcus Sotiriou – market analyst at digital asset...
Read More »Bitcoin Leads Market Momentum as Altcoins Turn Green
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