rate cut

Markets Await Fed Decision: Bitcoin Spikes, Gold Drops, Stocks Wobble

September 18, 2024 Bitcoin.com

Bitcoin

Bitcoin saw its value leap to $61,331 on Tuesday, just a day before members of the U.S. Federal Reserve convene to discuss a potential rate cut for federal funds. While BTC posted a 5% gain, stock markets exhibited mixed signals, hovering near previous highs, and gold dipped more than half a percent that day. Bitcoin […]

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CME Futures and Polymarket Predict Jumbo 50bps Rate Cut – Will the Fed Deliver?

September 17, 2024 Bitcoin.com

bitcoin.com

As the U.S. central bank members prepare for their meeting on Wednesday, just a day ago, the likelihood of a 25-basis point (bps) rate cut versus a 50bps cut was evenly split at 50-50. Fast forward to today, and the odds are now tipping in favor of a larger 50bps reduction. Predictions from betting market […]

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Fedwatch Tool Shows 50-50 Chance for 25bps or 50bps Cut Before FOMC

September 15, 2024 Bitcoin.com

bitcoin.com

The market is holding out hope for a bigger rate cut as the Federal Open Market Committee (FOMC) prepares to meet on Wednesday. Predictions from Polymarket and CME’s Fedwatch tool suggest there’s a growing expectation that a 50 basis points reduction could be in play. FOMC Meeting Could See Bigger Rate Cut as Expectations Shift […]

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Fed Rate Decision Looms as Market Predicts 25bps Cut With 87% Probability

September 13, 2024 Bitcoin.com

bitcoin.com

With just six days to go before the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting, the likelihood of a 25 basis points (bps) rate cut is growing stronger by the day. The possibility of a 50bps cut remains slim, though it still holds a 13% chance, as reported by CME’s Fedwatch tool. Market […]

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Calm Markets: Stocks, Crypto, and Gold Show Little Movement Post CPI

September 11, 2024 Bitcoin.com

Bitcoin

The latest consumer price index (CPI) from the U.S. Bureau of Labor Statistics shows that inflation cooled to 2.5% in August, marking the slowest rate since 2021. Meanwhile, core CPI, which strips out the fluctuating food and energy sectors, posted a 0.3% increase for the month. Stocks, Bitcoin, and Gold Unmoved by CPI Data On […]

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Rising Yield Curve and Jobs Miss Add to Economic Jitters, Stocks and Bitcoin Slide

September 7, 2024 Bitcoin.com

bitcoin.com

Equities kicked off Friday on a quiet note, with little movement as the latest U.S. labor market report unveiled a softer-than-anticipated addition of 142,000 jobs for August. The data only adds to growing recession concerns, layering on top of several earlier signs hinting at an economic slowdown. Meanwhile, the 10-2 year Treasury yield spread has […]

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Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction

September 2, 2024 Bitcoin.com

25bps

On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal Reserve to cut the federal funds rate by 25 basis points (bps) on Sept. 18. The U.S. federal funds rate is currently at 5.25%-5.50%, which […]

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Polymarket Bets 10% on 2024 US Recession, Analyst Skeptical of Rate Cut’s Impact

August 25, 2024 Bitcoin.com

bitcoin.com

The prediction market Polymarket and CME’s Fedwatch tool suggest that a rate cut during the Federal Open Market Committee (FOMC) meeting in September is highly likely. However, BCA Research’s chief asset allocation strategist, Garry Evans, argues that even if rates are lowered, it won’t stop a recession in the United States. On the flip side, […]

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Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy

August 22, 2024 Bitcoin.com

Bitcoin

Bitcoin’s price hit $61,838 per coin by 3:45 p.m. EDT on Wednesday, after spending much of the day lingering below the $60,000 mark. The crypto market mirrored the upward movement seen in the S&P 500 and Nasdaq, which both rallied just before the closing bell. This newfound optimism is largely being credited to the Federal […]

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CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%

August 14, 2024 Bitcoin.com

bitcoin.com

On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market sentiment that the latest BLS figures strengthen the case for a Federal […]

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SEC Drops Robinhood Crypto Investigation