Stories tagged “Federal Reserve.”
30 stories
The Blockchain Association has filed an amicus brief in support of Custodia Bank's petition for Supreme Court review, arguing that the Federal Reserve should not have the power to deny payment system access to eligible state-chartered banks.
Gold prices have risen sharply in August, driven by macroeconomic factors such as the falling likelihood of Federal Reserve interest rate hikes and a weaker US dollar. This trend is expected to continue, with some analysts predicting gold will reach $5,000 again in the fi…
Bitcoin dipped to around $63,500 after an expected U.S. inflation report failed to ignite a crypto rally, with most major tokens declining despite eased nerves.
Bitcoin reached a new August high as markets anticipate key US inflation data, with expectations shifting towards a Federal Reserve interest-rate pause rather than a hike.
The Federal Open Market Committee (FOMC) may increase rates in October, but some stocks will benefit from this decision. UnitedHealth Group, JPMorgan Chase, and Chevron are among the stocks to buy even if a rate hike is right around the corner.
The US economy shed thousands of jobs in July, an economic blow that lowered the risk of an interest rate hike by the Federal Reserve. Stocks gained on the report, with the S&P 500 closing at a new record.
US President Donald Trump is renewing his effort to fire Federal Reserve Governor Lisa Cook, despite a Supreme Court ruling blocking his previous attempt. The White House has sent a letter to Cook, alleging she committed crimes and demanding she respond to unproven mortga…
US employers unexpectedly lost 23,000 jobs in July, and gains for the previous two months were revised down sharply by a combined 103,000 jobs, painting a weaker picture of the labor market than past data indicated.
Sterling today: Pound slips as dollar steadies ahead of U.S. payrolls
Sterling traded marginally lower on Thursday while the euro fell, as investors adopted a cautious wait-and-see stance ahead of Friday’s US non-farm payrolls report, with hawkish Federal Reserve commentary underpinning the greenback.
Federal Reserve Governor Lisa Cook said she is prepared to support higher interest rates if US inflation fails to come down, which can pressure crypto and other high-risk investments.
Fed Governor Lisa Cook said she's prepared to support an interest rate hike unless inflation numbers improve. She considers the risks to inflation higher than the risks to employment at this point.
Federal Reserve Chairman Kevin Warsh has floated the idea of holding fewer policy meetings than the current eight, which could lead to increased volatility in the stock and bond markets.
Sterling Today: Pound Holds Above $1.34 as Dollar Stays Firm on Fed Hike Risk
The British pound held steady above $1.34 against the US dollar on Wednesday, while the euro edged higher. The dollar's resilience, attributed to lingering Federal Reserve rate hike expectations, capped gains for both currencies despite improved market risk appetite.
Philadelphia Fed President Anna Paulson said she is confident the current interest rate level is sufficient to bring inflation back to target. She voted with the FOMC majority to hold rates steady and said it was not a close call for her.
Kevin Warsh, the Federal Reserve chair, has proposed that the market do its job in tightening financial conditions without the Fed's intervention, sparking concerns about the central bank's credibility as an economic steward.
Asia FX mixed with U.S.-Iran talks in focus; yen dips after intervention-led rally
Asian currencies traded mixed on Tuesday as investors awaited fresh developments on proposed U.S.-Iran negotiations, while the Japanese yen weakened slightly after rallying on last week’s coordinated U.S.-Japan currency intervention.
The Federal Reserve held interest rates steady at its second meeting led by Chairman Kevin Warsh, but three policymakers broke with the committee's decision to instead call for higher rates. This has led investors to grow increasingly confident that the Fed's next move wi…
The US Federal Reserve held interest rates steady on Wednesday in a divided vote, indicating growing pressure on the central bank to address heightened inflation.
The Federal Reserve held interest rates steady, with Chairman Kevin Warsh offering little direction in his news conference. Three voters on the Federal Open Market Committee voted against the hold, favoring instead a quarter percentage point hike.
The Federal Reserve held its benchmark rate at 3.5%–3.75% on Wednesday, meeting near-universal market expectations. Bitcoin and Ethereum both dipped slightly shortly after the 2 p.m. ET announcement.
The Federal Reserve voted 9-3 to hold its key interest rate steady in a range between 3.5% and 3.75%, despite three regional presidents expressing concern over inflation and wanting to hike. Chairman Kevin Warsh has argued for giving the markets fewer signals about the ce…
The Federal Reserve's latest statement under Chairman Kevin Warsh marked a significant change in communication, with a shorter and simpler format that dispenses with forward guidance and voting information.
The Federal Reserve has held US interest rates for the fifth time in a row, keeping them between 3.5% and 3.75%. This decision was broadly expected and means that borrowing costs remain relatively high, but savings rates may also be boosted.
The Federal Reserve Maintains Interest Rates Amid Escalating Iran War Tensions
The Federal Reserve has decided to maintain interest rates unchanged, despite growing pressures from the escalating war in Iran. This decision comes after a closely watched meeting, where the Fed's policymakers debated the merits of raising rates to combat inflation.
The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, extending its pause for a sixth consecutive meeting as policymakers continue to grapple with stubborn inflation.
The Federal Reserve is expected to leave interest rates unchanged at its July meeting, but rising oil prices have prompted investors to sharply increase their bets that a fresh rate hike could come later this year.
Federal Reserve Chair Kevin Warsh is leading a two-day meeting to decide on interest rates, with markets split on whether the Fed will hold rates steady or hike them.
UBS raises USD/SGD price target on Fed hawkishness, MAS tightening
UBS revised its USD/SGD price targets higher following the Monetary Authority of Singapore’s July monetary policy tightening and the Federal Reserve’s continued hawkish stance.
Prediction market traders have sharply raised the implied odds of a Federal Reserve rate hike, one day before the central bank's two-day July meeting begins. The odds of a quarter-point Fed rate hike have jumped, with the 'no change' outcome falling 8.9 percentage points …
Bitcoin traders prepared to navigate a slew of volatility catalysts as US inflation data and US-Iran war triggers keep risk-assets in an unpredictable state.