The Federal Reserve just cut interest rates for the first time since March of 2020, fueling volatility in global markets. The move marks the central bank’s shift from fighting inflation to responding to signs of economic slowdown, weakness in the jobs market and other risks to growth. The move triggered major swings for the Dow […]
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On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching […]
Investors are pouring capital into US and global bond funds in anticipation of rate cuts from the Federal Reserve. In the week ending August 28th, a total of $17.69 billion in global bond funds was purchased, with $9.58 billion allocated to US bond funds, reports Reuters, citing LSEG data. The numbers represent a six week […]
The post $9,580,000,000 Pours Into US Bond Funds As Global Markets Anticipate Imminent Federal Reserve Rate Cuts: Report appeared first on The Daily Hodl.
BitMEX co-founder Arthur Hayes thinks impending rate cuts in the US will drive up the price of Bitcoin (BTC). In a new blog post, Hayes said comments made by Federal Reserve Chair Jerome Powell last week indicate the Fed is “reaching for the rate cut sugar high before hunger arrives.” While speaking in Jackson Hole, […]
The post Arthur Hayes Says Fed Will ‘Ramp Up Money Printer’ Dramatically Increasing Monetary Supply, Boosting Bitcoin appeared first on The Daily Hodl.
Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to potential interest rate cuts hinted at during the Jackson Hole Symposium. Powell’s Comments Correlate With $543 Million Bitcoin Inflow, Coinshares Observes According to Coinshares, digital […]
Bitcoin traders are eyeing $68,000 if it can stay above $64,000, a level it has struggled to hold above after 20 days below.
Crypto traders are spotting a pattern forming on Bitcoin’s price chart that may possibly lead to its price moving closer toward reclaiming its 2021 all-time highs.
In an Aug. 24 analysis video, pseudonymous crypto trader Mister Crypto pointed to the Bitcoin (BTC) price chart and explained that when Bitcoin breaks above the $64,000 level, it is “very likely” to return toward the $68,000 level, which it hasn’t reached since July 30.
Bitcoin price chart. Source: Mister Crypto
The crypto and stock markets surged Friday after Federal Reserve Chair Jerome Powell alluded to upcoming rate cuts in a speech at an economic symposium. While speaking in Jackson Hole, Wyoming, Powell said the economy was growing at a “solid pace” but noted that inflation and labor market data indicated an “evolving situation.” “The upside […]
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Bitcoin reached an impressive peak of $64,853 per unit on Friday, spurred by U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted at the possibility of rate cuts in September. The cryptocurrency showed a 5.3% increase in the past day, contributing to a 5.01% rise in the overall crypto market, which […]
The Federal Reserve is expected to begin lowering its benchmark interest rate in September.
Speaking at the annual Jackson Hole Symposium, Federal Reserve Chairman Jerome Powell sent his strongest signal yet that interest rate cuts are on the immediate horizon. The price of Bitcoin (BTC) rallied past $63,000 on the news, and analysts think further gains are expected when the Fed begins cutting rates.
Leena ElDeeb, a researcher at exchange-traded product issuer 21Shares, explained that previous interest rate cuts were good for the price appreciation of digital assets, as investors with cheaper access to loans take invest in risk-on asset classes. In a statement to Cointelegraph, the analyst gave a specific example of a previous rate cut at the beginning of the Covid-19 pandemic:
ElDeeb qualified her statements by explaining that while past performance is not a guarantee of future results, the March 2020 interest rate cuts could provide a benchmark to compare the likely effects of the impending rate cut on crypto markets.
Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market. Rate Cuts Possible as Powell Expresses Confidence […]