Housing – DIGIT INFO

Bitcoin rallied above $65K, but will BTC price hold this level?

DIGIT — Thu, 26 Sep 2024 21:40:00 +0000

Bitcoin price is back above a key resistance level, but are there sufficient bullish catalysts to sustain the current rally?

Go to Source

JPMorgan CEO Warns of Recession Threat, Higher Inflation, Stagflation

DIGIT — Mon, 16 Sep 2024 00:46:13 +0000

JPMorgan Chase CEO Jamie Dimon has raised concerns about stagflation despite signs of easing inflation. Dimon highlighted ongoing risks such as rising deficits and government spending that could pressure inflation. The JPMorgan executive warned that the U.S. economy is not yet out of the woods and suggested the possibility of a recession remains significant. Jamie […]

Go to Source

USDR stablecoin depegs to $0.53, but team vows to provide solutions

DIGIT — Thu, 12 Oct 2023 00:15:34 +0000

Real-estate-backed stablecoin USDR fell to $0.53 per coin on Oct. 11, but the team said it was merely a liquidity issue and that real estate holdings and digital assets will be used to support redemptions.

Go to Source

Bitcoin corrects on Fed rate hike, but bulls are prepared for Friday’s $1.2B options expiry

DIGIT — Thu, 23 Mar 2023 20:00:00 +0000

BTC price dropped as the Fed rolled out a 0.25% rate hike, but improving housing market data and Bitcoin options data suggests that bulls are ready for this week’s expiry.

Go to Source

Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down

DIGIT — Mon, 20 Jun 2022 19:30:51 +0000

Cleveland Federal Reserve Bank president Loretta Mester doesn’t think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. While speaking during an interview on Sunday, Mester explained that while it will take two years, inflation “will be moving down.” A 2% […]

Go to Source

Biden Administration Lowballs Inflation Predictions, Report Says Americans Are ‘Fixated’ on Dollar Value

DIGIT — Tue, 29 Mar 2022 21:30:39 +0000

As inflation continues to wreak havoc on American wallets, the U.S. dollar’s lack of purchasing power has been affecting nearly every U.S. resident’s spending decisions. On Monday, U.S. president Biden and his administration predicted lower inflation forecasts as officials announced Biden’s proposed budget for the 2023 fiscal year. According to marketwatch.com author Victor Reklaitis, the […]

Go to Source

El Salvador explores low-interest loans backed by Bitcoin

DIGIT — Thu, 20 Jan 2022 10:43:46 +0000

The Salvadoran government is looking to create a Bitcoin-backed loan product for micro and small businesses across the country.

Go to Source

Economist Mohamed El-Erian Says Fed’s Characterization of Inflation as ‘Transitory’ the ‘Worst Call in History’

DIGIT — Mon, 13 Dec 2021 20:30:26 +0000

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 […]

Go to Source

Inflation Plagues American Economy: US Consumer Prices See Fastest Rise in Close to 40 Years

DIGIT — Sat, 11 Dec 2021 10:30:53 +0000

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 […]

Go to Source

As US Expands Subprime Mortgage Program, Is a New Crisis Looming?

DIGIT — Mon, 19 Aug 2019 19:31:31 +0000

The Federal Housing Administration, a division of the U.S. Department of Housing and Urban Development, has recently adopted new guidelines widening the scope of condo purchases eligible for lower down payment loans insured by the government. While that could lead to more members of certain social groups buying a first home, critics fear a new […]

The post As US Expands Subprime Mortgage Program, Is a New Crisis Looming? appeared first on Bitcoin News.

Go to Source