Rate Hike – DIGIT INFO

Bitcoin limps into FOMC as flagging volume adds to BTC price hurdles

DIGIT — Wed, 03 May 2023 14:35:37 +0000

Bitcoin price looks unlikely to break out as markets brace for Fed rate hike volatility.

US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023

DIGIT — Sun, 30 Apr 2023 16:50:05 +0000

After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.25% in three days, according to expectations. A recent poll of 105 economists revealed that 94 of them predict a 25bps rate hike will occur during the May […]

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US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year

DIGIT — Wed, 12 Apr 2023 16:15:06 +0000

On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal funds rate. U.S. Inflation Cools […]

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Bitcoin price rivals 10-month high as CPI data beats expectations

DIGIT — Wed, 12 Apr 2023 13:02:20 +0000

BTC price performance gets a fresh boost from strong U.S. inflation data, with Bitcoin bulls eyeing a clean trend breakout.

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Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023

DIGIT — Mon, 10 Apr 2023 17:15:03 +0000

After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of the market is pricing in another 0.25% increase for the May […]

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Will BTC ditch the bear market? 5 things to know in Bitcoin this week

DIGIT — Mon, 27 Mar 2023 08:38:54 +0000

Bitcoin price is gearing up for a key monthly close that could see it dump its 2022 bear market for good.

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Galaxy Digital CEO ‘wouldn’t be surprised’ if Bitcoin hit $30K this quarter

DIGIT — Thu, 16 Feb 2023 03:48:32 +0000

Recent positive Bitcoin price action has been linked to a slowdown of U.S. inflation, Mike Novogratz thinks the price rally could sustain until the end of March.

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‘Forget a pivot’ — markets won’t see Fed rate cut boost in 2023, says analyst

DIGIT — Tue, 20 Dec 2022 14:25:00 +0000

Bitcoin, stocks or else, there is now no light at the end of the Fed rate hike tunnel in 2023, says Jim Bianco.

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Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year

DIGIT — Wed, 14 Dec 2022 21:00:53 +0000

The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the four consecutive three-quarters of a point increases codified during the last few months. The FOMC’s rate hike follows the recent U.S. inflation report which indicated […]

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Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7%

DIGIT — Thu, 03 Nov 2022 17:30:59 +0000

On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 basis points (bps). The increase brings the United Kingdom’s main lending rate to 3%, after a majority of the Monetary Policy Committee (MPC) members voted in favor of the 75bps increase. […]

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