FOMC
Fed's Powell: No Decision yet on Size of March Rate Hike
U.S. Federal Reserve Chairman Jerome Powell stressed that the central bank has yet to decide on the size of the rate hike when the Federal Open Market Committee (FOMC) meets later in March. Testifying before the House Financial Services Committee for his semi-annual monetary policy report on Wednesday, Powell made a notable change from Tuesday's Senate testimony in his prepared remarks.
Bitcoin Climbs Above $22K as Powell Softens Tone on Day 2 of Congressional Testimony
The Fed chair said no decision has yet been made on the size of the coming March rate hike.
Bitcoin, Ether Trade Marginally Lower Following Release of Discouraging Jobs Data
A persistently robust employment market has played a major role in capping asset prices, though a floor seems intact as well.
Fed Minutes Show Most Members Approve 25BPS Rate Hike; Counsel Says Voyager’s Binance US Sale Plan ‘Full Steam Ahead’
The latest FOMC minutes reveal that almost all Fed policymakers favored easing rate hikes to a quarter percentage point. Plans to wind up Voyager Digital by selling assets to Binance US are "on track," an attorney for the bankrupt crypto lender told a New York court on Wednesday. Coinbase (COIN) topped fourth-quarter earnings estimates Tuesday evening, but shares are sharply lower Wednesday alongside a sizable pullback in crypto.
Crypto Markets Analysis: CPI Data Shakes Crypto Markets Before Cooler Heads Prevail
Erratic moves immediately following the CPI data release steadied as the day progressed.
Bitcoin's 'Golden Cross' Explained
This much talked about technical indicator has value, yet doesn’t tell the whole story.
Market Is Revisiting Pre-Pandemic Sentiment: Portfolio Manager
In his post-FOMC meeting press conference, Federal Reserve Chair Jerome Powell said the disinflationary process has started. NewEdge Wealth Senior Portfolio Manager weighs in on that statement, saying, "not this year, maybe not even next year, but the year after we'll be in some mild deflation scenario."
Federal Reserve Lifts Interest Rates Another 25 Basis Points
Bitcoin's price was little changed in the minutes following the announcement.
Bitcoin Little Changed on Soft Economic Data Ahead of Fed Meeting
Wednesday morning's ADP jobs and ISM manufacturing reports both came in weaker than expected.
