Economics
Market Wrap: Cryptos Slip as Bitcoin Struggles to Hold $40K
BTC declined by as much as 4% over the past 24 hours, compared with a 2% dip in ETH.
Fed's Powell Says 50 Basis Point Hike ‘On the Table’
The Federal Reserve chair spoke on a panel about the global economy presented by the International Monetary Fund.
US Inflation Jumps to Fresh 4-Decade High of 8.5% in March
The U.S. Consumer Price Index accelerated last month as supply bottlenecks and war-related sanctions pushed already-elevated inflation higher.
Fed Officials Discussed Shrinking Assets by Up to $95B a Month
The Federal Reserve said it is "well placed" to start reducing its holdings starting in May.
Fed’s Brainard Says Balance Sheet Reduction to Happen Rapidly
The speech comes a day before the Federal Open Market Committee will release minutes of its March meeting that will provide more details about the central bank's plan.
US Adds 431K Jobs in March, as Unemployment Rate Nears Pre-Pandemic Level
Bitcoin ticked up 1% after the monthly jobs report was released.
Fed’s Preferred Inflation Gauge Up 6.4% in February to Four-Decade High
Bitcoin remained roughly flat after the release of the Commerce Department's report.
Fed Chair Powell’s Hawkish Stance on Inflation Could Hurt Crypto
Interest rate hikes could drive down crypto, especially because of its strong correlation with traditional financial markets, analysts say.
Fed Raises Benchmark Interest Rate by 25 Basis Points
The prospect of higher rates has weighed on bitcoin and other risky assets.
