Federal Reserve Chair Jerome Powell was cautious in a speech late Thursday signalling that a December rate cut is not set in stone It’s barely a ripple in the charts compared to the bullish surge that followed Donald Trump’s election win, but crypto markets took a modest hit late Thursday after a speech from Federal…
Bitcoin is at 57,600, just 0.71% down from this time last week, as Bitcoin’s rangebound sideways struggle continues. Bitcoin continued its decline at the opening of Wall Street trading on September 11, as positive U.S. macroeconomic data failed to buoy the markets. Source: Brave New Coin Liquid Index Bitcoin briefly fell below $56,000, before recovering,…
The Federal Reserve finally blinked. On Wednesday, as almost everyone on Wall Street had already predicted, the U.S. central bank trimmed the federal funds rate by 0.25%, lowering its target range to 4.00%–4.25%. The move came against a backdrop of souring economic data, nervous investors, and relentless political pressure from Donald Trump, who has made…
In a recent note that has caught the attention of both traditional financial markets and the Bitcoin community, Goldman Sachs economists, including the renowned Jan Hatzius and David Mericle, have made a significant prediction regarding the Federal Reserve’s monetary policy. The note suggests that the Federal Reserve may commence a series of interest rate cuts…