News with the tag "Cuts"

The Trump-backed DOGE (Digital Operations Government Efficiency) initiative has reportedly led to the cancellation of $1.5 billion worth of IRS technology contracts, according to Sam Corcos, CEO of Levels and a special adviser to the Treasury. Corcos stated that these canceled contracts were contrib...

Bitcoin price has surged 3.5% following Wednesday’s FOMC meeting as the US Federal Reserve keeps rates unchanged at 4.5%. However, Arthur Hayes predicts that the Fed rate cuts would likely resume from April 1, which could bode well for BTC and the overall crypto market, moving ahead. Arthur Hayes Pr...

Exciting news is breaking from the Land of the Rising Sun! Japan, a nation known for its technological prowess and forward-thinking approach, is poised to potentially revolutionize its cryptocurrency landscape. Imagine a world where crypto taxes are significantly slashed, and the doors are flung ope...

Federal Reserve Chairman Jerome Powell emphasized that future interest rate cuts will depend on market conditions and economic data , speaking at the post-FOMC press conference . Powell noted that while monetary policy is now more accommodative , the Fed remains cautious , waiting for substantial pr...

With shifting market dynamics, Bitcoin has moved into positive territory as prices sights key resistance levels. However, due to the volatile nature of crypto assets, the flagship asset’s recent uptrend might experience a brief drawback before resuming its upward direction. Support Areas For Bitcoin...

U.S. Federal Reserve Governor Christopher Waller says multiple rate cuts are possible in the first half of the year. In a new interview with CNBC, Waller notes that recent data suggests inflation is coming down. “If we continue getting numbers like this, it’s reasonable to think that possibly rate c...

Fed Signals 2025 Rate Cuts as Bitcoin Nears $100K Federal Reserve Governor Christopher Waller has hinted at potential rate cuts in 2025 , citing cooling inflation trends. Speaking to reporters, Waller suggested that a reduction could occur as early as March if favorable economic data persists. The n...

The US non-farm payroll data (NFP) data showed that the US economy added greater than expected jobs last month in December 2024. This has dwindled the chances of a Fed rate cut coming in March this year, which could further delay the chances of a BTC price rally to $200K this year. Fed Rate Cuts Del...

IMF Loan Deal Highlights El Salvador has finalized a $1.4 billion loan agreement with the International Monetary Fund (IMF) to strengthen its fiscal stability and drive inclusive economic growth. Pending IMF Executive Board approval, this deal also opens the door to additional financial backing from...

The Federal Reserve has announced a 25-basis-point reduction in interest rates, bringing the federal funds rate to 4.5% . This marks the third consecutive rate cut since September’s 50-basis-point adjustment. The move, anticipated by market analysts, reflects the central bank’s ongoing efforts to ba...