Tag Archives: federal reserve

Federal Reserve Chairman Jerome Powell spoke more on the future direction of monetary policy following an unexpectedly strong U.S. jobs report on Friday. Here’s what he had to say: During an interview, Powell reiterated his comments from last week that the economy’s disinflation is still within its very early stages – particularly in the housing sector.  Friday’s jobs report, which showed over 500,000 jobs created in December, reiterated that point. “It kind of shows you why...

Roger Ferguson – former vice chairman of the Federal Reserve – has offered his analysis of the central bank’s latest interest rate hike and the press conference that followed on Wednesday..  Ferguson believes that the Fed and the market do not agree on what the central bank will do next. The latter, he claims, is betting that the former will be forced to reverse its rate hikes sooner than it expects.  Is the Pivot Coming? Speaking to CNBC on Thursday, the former vice chair...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Following another Federal Open Markets Committee (FOMC) meeting on Wednesday, the Federal Reserve agreed to raise its benchmark interest rate by 25%. Bitcoin did not react with its usual fervor to the news, continuing to trade slightly above $23,000.  The rate hike brings the Fed’s benchmark rate between 450 and 475 basis points – its highest level since late 2007. The 25-point raise was in line with market expectations, and milder than December’s 50-point hike.  Bitcoin...

The price of bitcoin has shot up in recent weeks and is now trading for over $17K. There is high anticipation that another bull run could be heading our way given that Jerome Powell – the head of the Federal Reserve – is slated to make a speech in the coming days about what the agency’s plans for inflation are. Could the Federal Reserve Aid BTC for Once? It is believed that Powell will announce soft inflation tactics, meaning his organization will be able to incorporate...

Checking if the site connection is secure Enable JavaScript and cookies to continue www.coinspeaker.com needs to review the security of your connection before proceeding.

Anthony Scaramucci – the Founder of SkyBridge Capital and former White House official – believes cryptocurrencies will revive once the Federal Reserve stops raising interest rates. He thinks this will happen once inflation in the United States dropped back down to 4-5%. The Surge Could be on the Horizon The financier thinks the US central bank will halt the interest rate hikes before reaching the 2% inflation goal and, thus, stimulate a price expansion for risk assets, such...

U.S. regulators like the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have established a joint statement warning banks all over the world about the alleged risks and problems that come with crypto trading. The Federal Reserve Feels Crypto Is Problematic These agencies say that banks need to take these risks seriously and implement the necessary security measures to keep themselves and their customers safe....

David Kelly – Asset Management Chief Global Strategist for JP Morgan Chase – said it’s time for the Federal Reserve to quit hiking interest rates if it wants to keep the U.S. economy intact.  Having “won” its war against inflation, the analyst claimed that the central bank now risks tipping the economy into a recession.  Too Many Hikes In an interview with Bloomberg on Thursday, Kelly predicted that the Fed will continue raising interest rates beyond February, and into their...

The consumer price index excluding food and energy (core CPI) numbers will be released by the United States government on Thursday, January 12. Although the most recent months saw a decline in the inflation rates compared to the peaks in the summer of 2022, the estimates still show a painful picture. Here Are the Expectations The upcoming CPI numbers will play a crucial role in the US Federal Reserve’s decision on whether to continue its current monetary policy of raising...