News with the tag "FED"

Bitcoin held firm above the six-figure mark this week, supported by a cautiously optimistic market, though momentum stalled by week’s end as new catalysts failed to emerge. Broader market growth continued, with the total crypto market cap rising 2.4% to $3.42 trillion by Friday. Sentiment cooled onl...

An unprecedented surge in the Philadelphia Federal Reserve’s May Manufacturing Business Outlook Survey has jolted global risk markets and given crypto asset traders their clearest macro catalyst of the year. The Future New Orders diffusion index leapt by forty-plus points, a move that Julien Bittel,...

Jerome Powell has told the Federal Reserve to start cutting jobs. In a memo obtained by Bloomberg , Powell said the central bank will lower its workforce by 10% over the next two years. That would mean reducing its nearly 24,000 employees to under 22,000, using what he called a “voluntary deferred r...

U.S. Federal Reserve Chair Jerome Powell has issued a warning about the future of the American economy. While delivering opening remarks at the Second Thomas Laubach Research Conference in Washington DC, Powell noted that “longer-term inflation expectations” have driven up real interest rates , whic...

The US dollar held steady on Wednesday after recording its steepest decline in over three weeks in yesterday’s session. On the other hand, gold prices have declined against the backdrop of a cooling investment spree, buoyed by the improving China-US trade relationship. In the crypto market, Bitcoin’...

President Donald Trump’s job approval has inched up to 44%, based on new polling data gathered by Reuters/Ipsos that ended on Tuesday, as fewer Americans now believe the economy is falling apart. The results show a two-point increase from a similar survey run between April 25 and 27, where Trump sat...

Bitcoin (BTC) remained largely stable after the release of the US Consumer Price Index (CPI) for April 2025, which came in below expectations. The data suggests inflation is continuing to cool, a potentially positive sign for risk-on assets like BTC. Bitcoin Makes Minimal Move After April CPI Data T...

The Federal Reserve is staying put this summer. No cuts in June, no cuts in July. We believe that’s the central bank’s position after watching the joint statement issued on Monday by the United States and China, were both countries claimed they want to ease off trade tensions. As soon as that was an...

Federal Reserve Chair Jerome Powell might win the inflation battle, the public opinion war, and still end up branded with Trump’s latest insult: “Mr. Too Late.” That’s the risk he’s now running after refusing to cut interest rates earlier on this week, ignoring Trump’s pressure and the growing fear ...

XRP has experienced a notable rally, driven by a combination of factors including the Federal Reserve’s decision to pause interest rate hikes and Bitcoin’s recent breakout. These developments have contributed to a more favorable environment for altcoins like XRP. Fed Pause Impacts Crypto Market The ...