News with the tag "interest rate hikes"

U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses and identifie...

Federal Reserve Governor Michelle Bowman says additional interest rate increases will likely be needed to get inflation on a path down to the Fed’s target. “I will also be watching for signs of slowing in consumer spending and signs that labor market conditions are loosening,” the Fed governor added...

Hundreds of millions of dollars worth of crypto assets have been liquidated in the last 24 hours as Bitcoin (BTC) suddenly dips from its 2023 high. New data from market intelligence firm Coinglass reveals that during the last day, just under $140,000,000 worth of digital assets were liquidated from ...

Federal Reserve Chair Jerome Powell has reaffirmed the Fed’s hawkish stance. Noting that the latest economic data indicates that the Fed’s policy “may not be restrictive enough” and “has not been restrictive for long enough,” Powell stated that the central bank could raise interest rates “at consecu...

Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressures continue to run high, and the process of getting in...

Crypto prices have yet to react to the Fed decision to temporarily halt rate hikes, meanwhile, the S&P 500 steamrolled to a new 13-month high.