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Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run.Powered by WPeMatico
In addition to a 0.75% basis point hike, the Federal Reserve also set its 2022 target interest rate at 4.4%, leading Bitcoin analysts to forecast further downside for BTC.
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The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% from $1.83 trillion to today’s $1.54 trillion. The price of gold has lost 5% in 30 days, and major stock market […]Powered by WPeMatico
The U.S. dollar index reached its lowest levels in three weeks on Tuesday, triggering the Rising Wedge pattern.
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The declaration appears as Bitcoin pops back above $50,000, with its addition in a Gold-Bond portfolio outperforming the S&P 500 index.
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Long-dated US Treasury yields are slumping ahead of the Jackson Hole meeting.
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A research paper published by the Federal Reserve Bank of San Francisco shows how negative interest rates could become an important policy tool for fighting future economic downturns. The paper examines the market response to the introduction of negative interest rates by five major central banks. Also read: Where US Regulators Stand on Cryptocurrency Fed […]
The post Fed Research Considers Negative Interest Rates Effective Policy Tool appeared first on Bitcoin News.
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