News with the tag "the Fed"

Mr. President Donald Trump is the most unpredictable person on the planet. Turns out, Jerome Powell has been in direct and frequent talks with the White House, despite the president’s very public dislike of him. Kevin Hassett, Trump’s top economic adviser and the director of the National Economic Co...

The Kobeissi Letter, a well-regarded financial publication, is known for its sharp analysis of markets, economics, and investment trends. Its commentary often draws attention from traders and financial professionals for its actionable insights. On December 26, 2024, The Kobeissi Letter posted an ext...

The crypto market, once riding high on optimism just days ago, has entered the holiday season in a slump. Bitcoin, which reached its all-time high of $108,364 on December 17, 2024, is now trading at $94,416 as of 1:15 p.m. UTC on December 24. The total cryptocurrency market capitalization followed a...

The cryptocurrency market has experienced significant losses in the aftermath of the Federal Reserve’s December 18, 2024, policy announcement. Total cryptocurrency market capitalization has plunged from $3.66 trillion on December 17, just 24 hours before the Fed’s announcement, to $3.16 trillion as ...

XRP has faced a significant downturn in recent days, with its price dropping nearly 20% from an intraday high of $2.7255 on December 17 to $2.20 as of December 23, 2024. This decline comes amid broader struggles in the cryptocurrency market, where macroeconomic factors have driven a sharp sell-off. ...

On December 23, pseudonymous analyst Marty Marty shared an analysis of the U.S. Dollar Index (DXY), highlighting its potential impact on financial markets, including cryptocurrencies. The DXY, which measures the strength of the U.S. dollar against a basket of major currencies, currently stands at 10...

Crypto markets are in turmoil, with steep declines in major assets like Bitcoin and Ethereum since Dec. 18, 2024. The downturn began immediately after the Federal Reserve’s FOMC meeting, where policymakers issued a cautious statement about monetary policy and Jerome Powell, the Fed Chair, provided r...

Late Wednesday (U.S. hours), Matt Hougan, the Chief Investment Officer (CIO) at Bitwise Asset Management, took to the social media platform X to comment on the Fed’s announcement and its impact on the crypto market. On Wednesday, the Fed announced the decision of the Dec. 17-18 meeting of its Federa...

U.S. states like Ohio, Texas, and Pennsylvania are exploring Bitcoin as a reserve asset to hedge against inflation. However, experts like Nic Carter caution that its volatility could destabilize the global financial system. Despite these risks, Bitcoin’s growing adoption suggests it could play a lar...

On Wednesday, the Federal Reserve, the central bank of the United States, announced the decision of the Dec. 17-18 meeting of its Federal Open Market Committee (FOMC) regarding interest rates. According to the Fed’s FOMC Statement, although progress has been made on cutting inflation, it still remai...