Tag Archives: federal reserve

The constant expansion of the coronavirus continues to harm the global economic markets. Monday’s severe stock sell-off pushed the UK to cut the interest rates, a week after the US did the same.As a result, Europe stocks are in the green as of writing these lines. Wall Street’s major indexes opened Wednesday’s trading in the deep red zone – S&P 500 and NASDAQ are down 3% at the moment. At the same time, Bitcoin’s price is steady around $7800.Coronavirus Spreads: Global Markets ReactThe...

Max Keiser has said that Jamie Dimon, the CEO of JPMorgan, will come to beg the Federal Reserve for cash. Coronavirus attack is hitting the markets again, every day fear rises. But Keiser believes that Bitcoin price can reach $100,000 already in 2020.Max Keiser is a well-known cryptocurrency fan, promoting the digital world via his Keiser Report RT show. He has made two bold claims regarding the price of Bitcoin during the last show. According to him, the more people are panicking, the more...

The COVID-19 spread continues to cast a larger shadow on the global markets as volatility seeps in. Analysts say that corrective measures by the Fed are doing little to control the market fall. Dow seriously dropped on Thursday.On Thursday, March 5, Dow Jones tanked 900 points giving a close above 26,100 levels. The markets have stayed quite unpredictable for the whole week oscillating to-and-fro.Since this Monday, Dow Jones has been moving 100 points up and down every alternate day. The...

The Federal Reserve cut interest rates this week. While the central bank was hoping to boost the falling stock market, the move seemed to spook investors. All the major US stock market benchmarks swung upward for just one day on Wednesday after the cut.But investors continued to dump equities Thursday. On Tuesday, when the Fed rate cut was announced, the stock market ended the trading session with a loss.It seems the Fed’s efforts to save the stock market were a terrifying confirmation of the...

The $50 billion aid package offered by IMF is aimed at strengthening weak health institutions in the countries with emerging economies amid the coronavirus outbreak among other things.The IMF $50 billion aid package is intended to fight the coronavirus. This comes as countries are still spinning from the effects of the outbreak. For most of the developing countries, their responses to the epidemic seem to have been hindered by one thing only: money.Sources indicate that the Managing Director...

Brian Armstrong, the CEO of leading US-based cryptocurrency exchange, Coinbase, believes that the current drop in the global markets and the latest cut in the interest rates might be a turning point for the industry as it could lead to a crypto surge this year.Using Crypto As A Reserve CurrencyAccording to Armstrong, governments around the world are continuously looking for ways to stimulate the failing economy, including using “quantitative easing” and printing more money, just like China...

The FED interest rate will receive a cut-off despite the fact that Jerome H. Powell was previously against that. Donald Trump and Steven Mnuchin send the words of support. The U.S. is full of coronavirus fears.Due to the coronavirus attack, the U.S. Federal Reserve (FED) decides to take 50 basis points off the interest rate. After the news, Bitcoin price went up, later showing again that the trend is not moving in a positive direction. No matter what, Bitcoin is in the relax zone below $9000....

The market bounce at the beginning of the week was partly driven by expectations that the Federal Reserve would step in to mitigate the coronavirus impact by cutting the key interest rates.Stocks made quite of a ricochet yesterday after their worst week since the financial crisis back in 2008. The Dow Jones Industrial Average posted its best gain in more than 10 years mostly boosted by the expectation that the Fed will lower interest rates.Dow Jones Industrial Average jumped over 1,290 points...

Bitcoin (BTC) price rebounds after central banks of several countries announced their support to markets and promised to provide the help needed to protect the global economy.Seems that after suffering losses, markets have started recovering. A prime example of this recovery is Bitcoin that reached 3.2% in daily gains on March 2. Still being down from earlier highs of $8,900, Bitcoin is trading at $8,797.68 at the moment of writing. Notably, Bitcoin price rebounds after the last week’s 14...

As the U.S. 10-year Treasury yield has fallen to a new low, many analysts believe that an economic recession is likely to happen. Investors are looking at bonds as a haven.The U.S. 10-year Treasury yield has fallen below 1.04%. This drop came as other rates in the United States have been dropping as well. This is occurring due to the global economic disruptions caused by the emergence of the coronavirus. Already, Wall Street has reportedly been calling for the Federal Reserve to intervene via...