Does a Fed digital dollar leave any room for crypto stablecoins?
Could stablecoins be undone by a Federal Reserve that takes consumer deposits? Would retail banks be hobbled? Go to Source Powered by WPeMatico
Fed
Auto Added by WPeMatico
Joe Biden Claims Inflationary Pressure ‘Rests With the Federal Reserve,’ Praises the Fed’s ‘Extraordinary Support’
On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes the possibility of tightening monetary easing and noted that he “respects the Fed’s independence.” US President Joe Biden Says a ‘Critical Job in Making … Read more
Bulls aim to turn the tide in Friday’s $580M options expiry after BTC tops $43K
Regulatory uncertainty and tighter monetary policies continue to weigh on BTC price, but data shows bulls are attempting to provoke a reversal. Go to Source Powered by WPeMatico
Ethereum options data shows pro traders expect strong resistance at $3,600
Derivatives analysis suggests that ETH will continue to bounce around in the $3,300 to $3,600 range for the short-term. Go to Source Powered by WPeMatico
Fed’s Minutes Report ‘Bludgeons’ Global Markets — Stocks, Crypto, Precious Metals Slip in Value
Minutes from the U.S. Federal Reserve’s policy meeting on December 14-15 show that the central bank is being persistent about unwinding quantitive easing (QE) tactics and that it views ultra-low interest rates as no longer necessary. Global markets immediately dropped after the news was published as stock markets roiled, crypto markets shed billions, and precious … Read more
Global Markets, Bitcoin Defy Expectations After Fed’s Hawkish Taper Plan Announcement
Global markets have defied predictions as the U.S. Federal Reserve and several central banks worldwide are prepping to slow down monetary easing policy. On Wednesday, the U.S. central bank’s Federal Open Market Committee (FOMC) said it plans to taper quantitative easing (large monthly asset purchases) and end the program by March 2022. Moreover, the FOMC … Read more
Bitcoin struggles to hold $47K as Fed meeting adds to ‘extreme’ BTC market panic
Commentators brace for upheaval as Fed officials prepare to reveal future financial policy moves. Go to Source Powered by WPeMatico
Data suggests traders view $46,000 as Bitcoin’s final line in the sand
BTC and altcoins took a severe hit on Dec. 13, but derivatives data suggests traders are watching $46,000 as a signal of whether the current market structure will hold up. Go to Source Powered by WPeMatico
Economist Mohamed El-Erian Says Fed’s Characterization of Inflation as ‘Transitory’ the ‘Worst Call in History’
On Monday, December 13, following Friday’s U.S. consumer price index report published by the Bureau of Labor Statistics, Americans are discussing the Federal Reserve. Thousands of tweets concerning the Federal Reserve topic have been trending on Twitter, as inflation has gripped the U.S. economy. Furthermore, Mohamed El-Erian, the chief economic advisor for the German multinational … Read more
Inflation Plagues American Economy: US Consumer Prices See Fastest Rise in Close to 40 Years
The consumer price index (CPI) data released Friday by the U.S. Bureau of Labor Statistics show prices in the United States climbed 6.8% in November compared to 12 months ago. It’s the largest rise in close to forty years, and U.S. policymakers are backing away fast from saying inflation is transitory. Inflation Accelerates in the … Read more
