Inflation is falling fast enough for the U.S. Federal Reserve to cut rates this year, which will benefit the stock market, according to Tom Lee, the founder and head of research at Fundstrat Global Advisors. In a new CNBC interview, Lee says there are “many reasons” to believe the current stock market rally will continue. […]
The post Fundstrat’s Tom Lee Sees Stock Market Rising on Wall of Worry, Says Inflation on Path To Glide Lower appeared first on The Daily Hodl.
The research branch of top US-based crypto exchange platform Coinbase says that going forward, investors are likely to aggressively purchase Bitcoin (BTC) when it dips. In a new blog post, Coinbase Institutional says that gold is a winner this cycle due to rising economic and geopolitical concerns. According to Coinbase, the success of gold can […]
The post Bitcoin Dips Likely To Be Aggressively Bought Up As Investors See BTC As Digital Gold, Says Coinbase Institutional appeared first on The Daily Hodl.
The president and CEO of the Federal Reserve Bank of Minneapolis, Neel Kashkari, has expressed concern about consumer risk due to “fraud, hype, and confusion” surrounding bitcoin. Moreover, he said the cryptocurrency has been around for more than a decade but “there’s still no legitimate use case in an advanced democracy.” ‘I Am Worried From […]
Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a rate reduction is very unlikely, and Cleveland Federal Reserve President Loretta Mester has expressed her inability to […]
In a recent analysis, economist Peter Schiff draws stark comparisons between the current U.S. economic optimism and the prelude to the 2008 financial crisis. Schiff, leveraging his expertise, warns of impending financial turmoil, emphasizing the critical role of money supply in understanding economic health. Peter Schiff Warns: U.S. Economy on the Brink, Echoes of 2008 […]
On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is “greater confidence that inflation is moving sustainably” toward the 2% target. Fed Pauses Rate […]
Former U.S. Treasury Secretary Lawrence Summers says an old school method of tracking inflation may reveal the real amount of economic pain that Americans have had to endure. Summers has co-authored and released a new paper exploring the effect of high interest rates on the American consumer. The paper, in part, aims to paint an […]
The post ‘Worrying’ Metric Shows Massive Inflation Spike Hammered US, Far Higher Than Reported: Former Treasury Secretary Larry Summers appeared first on The Daily Hodl.
The Federal Reserve and the Office of the Comptroller of the Currency (OCC) are hitting banking giant JPMorgan Chase with a $348.20 million fine in a coordinated enforcement action. Both the Fed and the OCC say JPMorgan engaged in “unsafe or unsound banking practices” in relation to its trade surveilling program. The OCC says that […]
The post JPMorgan Chase Paying $348,200,000 Penalty, Issued Cease-and-Desist Order Over ‘Unsafe or Unsound’ Banking Practices appeared first on The Daily Hodl.
A New York-based bank is witnessing the exodus of billions of dollars in deposits amid an industry-wide warning from Fed Chair Jerome Powell. New York Community Bank’s (NYCB) new earnings report shows total deposits fell from $81.365 billion at the end of start of the year to $77.2 billion on March 6th – a drop […]
The post $4,165,000,000 in Deposit Flight Hits New York Bank As Federal Reserve Chair Jerome Powell Warns More Lenders Will Collapse appeared first on The Daily Hodl.
The U.S. Consumer Price Index (CPI), experienced a 3.2% increase over the 12 months ending in February, marginally higher by 0.1% compared to January’s CPI. This development is not being well-received by the financial markets, as the U.S. Federal Reserve might postpone any reductions in the benchmark federal funds rate. Persistent Inflation Pressures Fed, Leaving […]