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Federal Reserve Shutters Group That Policed Banks’ Crypto Activities

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The US Federal Reserve Board said it will close its “novel activities supervision program,” a group set up in 2023 to monitor banks’ involvement with companies in the crypto space. “Since the Board started its program to supervise certain crypto and fintech activities in banks, the Board has strengthened its understanding of those activities, related risks, and bank risk management practices,” the Fed said in an Aug. 15 notice .  Instead of a standalone initiative, the program will now integrate its “knowledge and the supervision of those activities into the standard supervisory process,” the Fed Board said. It will also rescind the 2023 supervisory letter that created the program. Fed Program Was Created In The Aftermath Of 2023 Crypto Collapse  The initiative was set up five months after the collapse of three major US lenders that were closely situated with the crypto industry and tech startups, namely Silvergate Bank, Silicon Va...

US President Trump Says He Hopes Fed Chair Powell Will Lower Interest Rates

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During an important cabinet meeting taking place today, US President Trump has reportedly said he hopes that Federal Reserve Chair Jerome Powell will lower interest rates. Indeed, Trump expressed his dissatisfaction with the Central Bank’s decision to keep interest rates unchanged in March. The Federal Reserve has been fighting against inflation for the better part of two years. In a post-COVID economy, it had gotten that figure down closer to its 2% target. However, concerns surrounding the US economy’s trajectory led them to halt those efforts this month. Now, it is beginning to create a clash between Chair Powell and the 47th President. JUST IN: President Trump says he hopes Fed Chair Jerome Powell lowers interest rates. — Watcher.Guru (@WatcherGuru) March 24, 2025 Also Read: UAE Commits to 10-Year, $1.4T Investment in US After Trump Meeting President Trump Reiterates Desire for Federal Reserve to Lower Interest Rates The US economy has been stuck in a rather concerning ...

Bitcoin May Surge 20% During Chinese New Year, Matrixport Says

Bitcoin may surge 20% during the Chinese New Year starting Jan. 29 amid favorable market conditions, says crypto analytics firm Matrixport. The company says Bitcoin has delivered gains for investors in 11 out of the past 12 years. Soaring market optimism over pro-crypto regulations after Donald Trump’s inauguration as US President also provide a favorable backdrop for possible gains this year, it added. #MatrixOnTarget Report📊 – Jan 24: The Chinese New Year Effect: #Bitcoin +21%⤴️ with an 83% hit ratio!#Crypto #CryptoMarketOverview #CryptoInvestors #BTC #Matrixport pic.twitter.com/dsqRz8xpPv — Matrixport Official (@Matrixport_EN) January 24, 2025 Bitcoin rose by 26% in 2022 and 23% in 2023 and Matrixport says the Chinese Lunar New Year is the “most favorable 20-day window” for Bitcoin. China’s Impact On Bitcoin Growth Over The Years The Matrixport report emphasizes China’s pivotal role in Bitcoin’s early grow...

Here’s how Bitcoin price could react to a rising CPI and PPI inflation

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Inflationary pressures have once again come under the spotlight as the U.S. released its latest Producer Price Index (PPI) data on October 11, 2024, for the month of September. According to the latest data from the Labor Department , the PPI remained flat on a month-over-month basis, defying expectations of a 0.1% increase. However, on a year-over-year basis, PPI rose by 1.8%, slightly exceeding the forecast of 1.6%. Similarly, the U.S. Consumer Price Index (CPI) data showed that inflation remains sticky. On a monthly basis, CPI came in at 0.2%, the same as in August and July. Year-over-year inflation cooled slightly to 2.4%, down from 2.5% in August, but above the market expectation of 2.3%. Picks for you Chinese stocks register big losses as China’s stimulus cools down 3 hours ago ...

Fed Rate Cuts Will Not be as Deep as Market Expects: BlackRock

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$9 trillion asset management company BlackRock says the Federal Reserve’s interest rate cuts will not be as deep as the market expects. BlackRock Investment Institute wrote in a note Monday that a resilient economy and inflation remaining sticky may hamper the Fed from making a steep interest rate cut. JUST IN: BlackRock says the Federal Reserve's interest rate cuts will not be as deep as the market expects. — Watcher.Guru (@WatcherGuru) September 16, 2024 The Federal Reserve will decide this week whether it will cut interest rates for the first time in four years. The US has been fighting a difficult battle with inflation since the end of the COVID-19 pandemic. That battle temporarily led to a year-long streak of interest hikes monthly. However, it is expected that the Fed will finally make its first cuts, after leaving interest rates unchanged throughout the summer. BlackRock wrote that a reduction in interest rates of this magnitude reflects recession fears that are over...

Federal Reserve Leaves Interest Rates Unchanged Yet Again

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Following what many financial experts expected, the Federal Reserve has opted to leave Interest Rates unchanged once again. The decision marks the sixth consecutive time that the Central Bank officials opted not to cut rates amid its ongoing fight against inflation. The two-year tightening campaign did not end until September of 2023. Since then, Fed officials have left rates unchanged as they implemented a wait-and-see approach. Now, all eyes are on when Chair Jerome Powell and when the Federal Reserve will finally decide to begin cutting rates. BREAKING: Federal Reserve leaves Interest Rates unchanged, remains at 5.25% – 5.50%. — Watcher.Guru (@WatcherGuru) March 20, 2024 Also Read: Federal Reserve Governor Makes Huge Prediction On BRICS vs US Dollar Federal Reserve Leave Interest Rates Unchanged for 6th Consecutive Meeting Over the past two years, the Federal Reserve has been engaged in an inflation fight as it sought to avoid a recession in 2024....

Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

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The losses on US Treasuries recently surpassed $1.5 trillion and the likely outcome is turbulent markets, but how will Bitcoin price fare? The U.S. economy has been facing turbulent times lately, with the U.S. personal consumption expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile food and energy sectors, it's evident that the efforts made by the U.S. Federal Reserve to curb inflation have fallen short of their 2% target rate. U.S. Treasuries have lost a staggering $1.5 trillion in value, primarily due to these rate hikes. This has led investors to question whether Bitcoin (BTC) and risk-on assets, including the stock market , will succumb to heightened interest rates and a monetary policy aimed at cooling economic growth. Theoretical losses of U.S. Treasury holders, USD. Source: @JoeConsorti As the U.S. Treasury keeps flooding the market with debt, there's a real risk that rates could climb even highe...

Most fear since SVB collapse — 5 things to know in Bitcoin this week

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Bitcoin traders are truly "spooked" and sentiment crashes harder than BTC price as the shake-up from last week's losses continues. Bitcoin (BTC) starts a new week with traders licking their wounds after a 10% snap crash. BTC price action is struggling to recover from a manic end to the days prior to the weekend, and the fear is palpable going into what could turn out to be an equally volatile few days. With $26,000 so far forming the focus for the markets, theories are brewing over where Bitcoin might head next. Multiple factors are set to converge to provide some influence — United States macro data prints are firing up again, while the Federal Reserve will deliver key commentary on the economy at the annual Jackson Hole Economic Symposium. Within Bitcoin, meanwhile, short-term holders now face increasing unrealized losses, and on-chain transactions in loss are setting multi-year highs. Sentiment is back on the floor, but is the fear really justified? Cointelegraph take...

Speculations abound as touching Fed Rate cuts and interest rates

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Historic Stock Trends Melker highlighted that market corrections historically follow FED pivots and rate cuts. Historically, Central banks, including the Federal Reserve, often adjust their monetary policies in response to changing economic conditions.  advertisement Rate cuts are typically implemented when the economy is facing headwinds, aiming to stimulate borrowing, spending, and investment. However, as the tweet suggests, these rate cuts might not have an immediate positive impact on the stock market. Instead, they could signal underlying concerns about the economy that eventually lead to a correction or downturn in the market. The Stock Market historically corrects AFTER the Fed pivot. Rate cuts generally precede major dips. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

U.S. Dollar: 'Financial Well-Being' in American Households Decline

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The U.S. Federal Reserve published research highlighting the well-being of the average American household. The survey shows that American household is mostly living paycheck-to-check in their quest to earn a livelihood. The cash flow of the U.S. dollar is hard to earn and accumulate due to inflation and job cuts. Therefore, household financial well-being is on a decline since 2022, reported the Fed survey. Also Read: 13 Countries Submit Applications To Join BRICS Alliance The Battle For The U.S. Dollar Source: schroders.com The U.S. dollar is now hard to save and invest due to rising rent, real estate, and day-to-day essentials hitting the roof. The household’s economic well-being is now on the backseat with basic survival motives sitting on the driver’s seat. The Fed survey conducted with 11,000 adults, identifies potential risks that tend to eat into their dollar s. The key findings in the report state that the average American household is unhappy with their income...

Here’s why crypto prices are down

On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses why Bitcoin has been unable to break through the $29,000 level and why crypto prices have been falling. In today’s The Market Report episode, analyst and writer Marcel Pechman discusses why crypto prices are going down after Bitcoin (BTC) failed to break above $29,000, plus whether or not Jerome Powell is lying about keeping interest rates above 5%, and lastly, what Warren Buffett meant by the “incredible period” coming to an end. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel. The first news article explains why Bitcoin has been trading in a narrow range near $28,000. The culprit? The standoff between markets and policymakers as United States Federal Reserve Chair Jerome Powell publicly stated that interest rates are unlikely to come down this year. Meanwhile, the markets for risk-on assets have firmly priced in rates to decrease in the coming months. Pech...

2nd biggest US bank failure — 5 things to know in Bitcoin this week

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The failure of First Republic Bank marks a volatile beginning to a busy macroeconomic week, while Bitcoin already faces downside pressure. Bitcoin (BTC) starts a new week digesting major macroeconomic news as the United States sees the second-largest bank failure in its history. After a sideways weekend, BTC/USD was already volatile into the new weekly and monthly candle as downside kicked in. After steadying below $29,000, BTC price action is already facing more potential pressure as First Republic Bank is placed in public receivership and taken over by JPMorgan Chase. The move, announced during Asia trading but before the Wall Street open, precedes an already heavy week in which the Federal Reserve will reveal its next interest rate shift. With a lot to take in, the potential for continued surprises on crypto markets is clearly in evidence. Cointelegraph takes a look at these risks and more in the weekly rundown of crypto, and specifically Bitcoin, price triggers. BTC price volatil...

Potential Fed pivot has crypto and macro analysts ultra-bullish on Bitcoin’s price prospects

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Fidelity’s head of macro suggests that the end of the Fed’s quantitative tightening policy could be bullish for Bitcoin and gold. The United States Federal Reserve began its most aggressive quantitative tightening efforts in March 2022, raising benchmark Interest Rates in the year since from near-zero to 4.75% to 5% annually. While the central bank has successfully brought down inflation to some degree, the increasing Interest Rates are starting to cause cracks in the global banking industry. The market expects the Fed to end quantitative tightening and provide favorable liquidity conditions to avoid a global financial crisis as the banks begin to fail. The shift in the Fed’s policy should have significant implications for financial assets. Jurrien Timmer, the director of global macro at Fidelity, discussed the likely impact of the Fed’s dovish pivot on stocks, gold and Bitcoin. Market expects the Fed to put an end to interest rate hikes The Fed is largely expected to either maintain ...