September 23, 2024
“…The price of bitcoin was recently higher by 5% at $63,255.00, according to Coin Metrics, building on a rally underway before the central bank decision Wednesday. Bitcoin, similar to stocks, initially jumped and then pulled back as traders absorbed the news…” https://www.cnbc.com/2024/09/19/crypto-market-today.html… Continue Reading…
September 23, 2024
“…The so-called dot plot indicated that 19 FOMC members, both voters and nonvoters, see the benchmark fed funds rate at 4.4% by the end of this year, equivalent to a target range of 4.25% to 4.5%. The Fed’s two remaining… Continue Reading…
September 19, 2024
“The Federal Reserve on Wednesday said it is cutting its benchmark interest rate by 0.50 percentage points, marking the first reduction in four years and moving to ease borrowing costs as inflation-weary consumers are grappling with high rates on everything… Continue Reading…
August 8, 2024
“Bond traders are piling into bets that the US economy is on the verge of deteriorating so quickly that the Federal Reserve will need to start easing monetary policy aggressively — potentially before their next scheduled meeting — to head… Continue Reading…
July 29, 2024
“…“To date, the broad financial stability implications of changes in retail equity investor characteristics and behaviors have been limited,” the Fed said. The central bank specifically assessed what happened to shares of AMC Entertainment and GameStop in January, noting that activity and… Continue Reading…
April 26, 2024
“…“Inflation reports released this morning were not as a hot as feared, but investors should not get overly anchored to the idea that inflation has been completely cured and the Fed will be cutting interest rates in the near-term,” said… Continue Reading…
January 17, 2024
“…U.S. central bankers want more confirmation that inflation is on a firm path toward their 2% goal before they reduce the policy rate, now in the 5.25%-5.5% range…” https://finance.yahoo.com/news/traders-pare-bets-fed-cut-134748735.html What happened? I thought the FED was going to cut interest… Continue Reading…
January 17, 2024
“…The figures show the Federal Reserve is facing a bumpy path to tame inflation, which risks staying elevated in coming months should prices of goods, such as clothing and cars, continue to climb. Fed policymakers and Wall Street economists have… Continue Reading…
November 10, 2023
“The Federal Reserve’s efforts to drain liquidity from the financial system have finally pushed inflows into a critical central bank tool below the $1 trillion mark for the first time since late summer 2021. Cash from money market funds and… Continue Reading…
November 6, 2023
“What’s the most important price in the global economy? The price of oil? The price of semiconductors? The price of a Big Mac? More important than any of these is the price of money. For more than three decades it… Continue Reading…
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