Fed

As the US economy moves into even more uncertain times, the Federal Reserve’s upcoming reaction to poor inflation data will take place at Wednesday’s FOMC meeting. Interest rates are expected to remain where they are. Where does this leave bitcoin? Fed between a rock and a hard place PCE, PPI, and CPI inflation data are all rising, meaning that the Federal Reserve’s tightrope walk has become even more difficult. If inflation is about to raise its ugly head once more,…

As the US economy grapples with rising inflation expectations and scaled-back forecasts for Federal Reserve rate cuts, the Bitcoin market remains buoyant, according to a detailed analysis by Reflexivity Research. With the US CPI headline inflation projected to accelerate to 4.8% by the November 2024 elections, according to Bank of America, conditions are seemingly unfavorable for a loosening of monetary policy. Despite this, the cryptocurrency sector, particularly Bitcoin, appears insulated and optimistic. Bitcoin Unfazed By Delayed Rate Cuts? The bond…

Federal Reserve Chair Jerome Powell has indicated that interest rate cuts may be further off than anticipated. He cites recent inflation data that defies earlier expectations of a rapid decline.  The decision signals a potential shift in the Fed’s approach. It will also potentially reopen the debate about Bitcoin’s effectiveness as an inflation hedge. Is Bitcoin Still a Safeguard Against Inflation? Powell acknowledged that despite initial progress, inflation rates have yet to show sustained improvement towards the Fed’s 2% target.…

The post Crypto Correction Looming? Examining the Role of Economic Indicators and Fed Policy appeared first on Coinpedia Fintech News A prominent crypto analyst, Benjamin Cowen, is closely observing the potential impact of Fed rate cuts and upcoming economic data releases on the digital asset market, particularly Bitcoin and altcoins. He suggests the market could see a correction in the second quarter if the Federal Reserve initiates rate cuts in response to economic indicators, such as the March CPI and…

Bitcoin (BTC) has once again captured the attention of investors as it inches closer to the $71,000 price level. In early March, the whole crypto community was disrupted as BTC reached a new all-time high of $68,000 proving yet again to be the best cryptocurrency in the crypto market. In other news, there is a newcomer that has been blazing incredible trails, Borroe Finance ($ROE). This AI crypto is taking on new defi projects and even established altcoins like Monero,…

Federal Reserve Chair Jerome Powell reassured the nation, asserting a strong stance against the looming fear of recession, while Bitcoin gains as a hedge. Powell’s confidence stems from analyzing current economic data and trends, disassociating from political influences often cloud economic forecasts. This assertion comes amidst a climate of skepticism toward monetary policy’s role in ensuring long-term economic stability. Recession Is Unlikely This Year Jerome Powell’s declaration aligns with his previous comments, underscoring the Federal Reserve’s commitment to data-driven decisions.…

On March 28, Into The Cryptoverse CEO Benjamin Cowen postulated whether the current Bitcoin market cycle is normal or a “left-translated” one, where the peak occurs earlier than usual. Bitcoin has already notched up a new all-time high and it is still three weeks to go until the halving. This has introduced the possibility of this cycle peak coming much earlier than previous ones, which happened in the year following the halving event. Fed Rate Cut Influence If Bitcoin markets…

Panelists conclude Digital Dollars would add very little to the US economy.   Following a recent conference held by the United States Federal Reserve, it appears that the country’s key economists might not be too keen on CBDC development yet. The Fed Comes Together to Discuss the USD The Federal Reserve Board and the Federal Reserve Bank of New York hosted the event together. The conference mainly centered around the International Roles of the U.S. Dollar and featured top Reserve…

Bitcoin crashed, together with other cryptos, on news that rate hikes may come sooner than expected. The crypto fear and greed index tipped to extreme fear as the oldest crypto dropped below $43,000. Other cryptos followed, with Ethereum dropping 12%, to $3,300. Most other major cryptos also posted losses in the double digits. Binance coin dropped to $460, down 10%. Solana dipped almost 13%, below $150, while Cardano dropped to $1.21, almost 10%. In total, the crash wiped out $200 billion in…