News with the tag "fed rate hike"

Bitcoin (BTC) remains the center of investors’ attention and concern especially following the latest nonfarm payrolls data from the US Bureau Of Labor Statistics (BLS). While the general market sentiment remains bullish, recent developments in the US economy indicate that macroeconomic factors may b...

In the current week, the release of the U.S. Consumer Price Index (CPI) data brought a wave of relief to the financial markets. This indicated a potential easing of inflationary pressures. Rick Rieder, Chief Investment Officer of Global Fixed Income and Head of Global Asset Allocation at BlackRock, ...

Barry Sternlicht, CEO of Starwood Capital Group, has voiced concerns about the vulnerability of regional and community banks in the U.S. to high interest rates and inflation, particularly amid the commercial real estate downturn. He forecasted frequent failures of these banks, predicting: “You’re go...

Economist and gold bug Peter Schiff has warned that high inflation will return with a vengeance and significant Fed rate hikes will be necessary. He also criticized JPMorgan CEO Jamie Dimon for downplaying the severity of the U.S. economic situation. However, he conceded that Dimon’s perspective is ...

After a strong push to $48,500 over the last weekend, the Bitcoin price has registered a modest retrace of around $48,000. The recent pause in the rally to $50,000 comes as investors are keenly watching the developments to the CPI data release, ahead this month. US Economic Data and FOMC Speeches Aw...

The world’s largest cryptocurrency Bitcoin (BTC) has registered a new high for the year 2023 making a move closer to $40,000. At press time, Bitcoin is trading 1.9% up at $38,919 with a market cap of $761 billion. Fed Hints At No More Rate Hikes Ahead On Friday, Federal Reserve Chairman Jerome Powel...

During a Thursday lunchtime address in New York, Fed Chair Jerome Powell made important comments hinting at no more future rate hikes in this monetary tightening cycle. As a result, investors in the crypto space have been cheering the development, with the broader cryptocurrency market gaining 3% ov...

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a lot of people crying about th...

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned that more banks in the U.S. will fail as the Federal Reserve continues to hike interest rates. He stressed: “It will break down in the regional banks, which support 60% of the economy … We’ve started to see the cracks.” Kevin O’Leary Fores...

Bitcoin remained above $29,000 despite the U.S. Federal Reserve's recent rate hike, stimulated by better-than-expected inflation data.