Category: Federal Reserve

Jackson Hole: Where Fed Policy Is Decided on the Fly

August 25, 2023CryptoLeave a Comment

Jackson Hole: Where Fed Policy Is Decided on the Fly

Bitcoin Dips Below $26K, Smaller Cryptos Head Lower on Fed's Powell's Hawkish Remarks

August 25, 2023CryptoLeave a Comment

Federal Reserve chair Powell speaking at Jackson Hole doubled down on keeping financial conditions tight, including hiking interest rates further if needed.

U.S. Added 187K Jobs in July, Missing Estimates 200K; Bitcoin Slips to $29,100

August 4, 2023CryptoLeave a Comment

The unemployment rate TKTK to 3.X% versus estimates for 3.6%.

Bitcoin (BTC) Rally May Stall if Fed Chair Powell Does not Signal End of Tightening, Crypto Observers Say

May 3, 2023CryptoLeave a Comment

“As the market is expecting a pause after this hike, we’ll be looking for the sentence on ‘additional policy firming may be appropriate’ to be removed from the statement, replaced by more open-ended language leaving the door open for either more rate hikes or a pause, i.e., data-dependency,” Dick Lo, the founder and CEO of […]

BTC Nears $30,000, Reaching Highest Price Since June

April 10, 2023CryptoLeave a Comment

“Bitcoin is likely to find resistance at $30,000,” DiPasquale noted in an email to CoinDesk. From a technical-analysis perspective, the current move is “a retest of the range high established in March after the initial surge from under $20,000. Success of this test would see the price claiming $30,000 while a failure here should see […]

U.S. Adds 236K Jobs in March Versus Forecasts for 239K

April 7, 2023CryptoLeave a Comment

Data from earlier this week began to hint at some weakness in the labor market, with the ADP on Wednesday reporting just 145,000 private sector jobs added in March versus 210,000 expected. Then on Thursday, the Department of Labor reported weekly initial jobless claims of 228,000 against forecasts for just 200,000. In addition, the previous […]

Fed, ECB and Others Take Coordinated Steps to Boost Dollar Liquidity; Bitcoin Tops $28K

March 19, 2023CryptoLeave a Comment

The Fed said it would increase the frequency of the dollar swap lines with the European Central Bank, the Bank of Japan, the Bank of England, the Bank of Canada and the Swiss National Bank from weekly to daily, starting Monday. The dollar swap lines allow foreign central banks to borrow U.S. dollars while protecting […]

A Tale of 2 Banks: Why Silvergate and Silicon Valley Bank Collapsed

March 10, 2023CryptoLeave a Comment

Every U.S. bank is facing similar structural pressures to what drove crypto’s one-time favorite bank to the moon – then into the ground.

Custodia Bank Renews Push for Fed 'Master Account' After Rejection

February 17, 2023CryptoLeave a Comment

Custodia Bank filed an amended complaint against the Federal Reserve Friday, weeks after the Fed rejected its effort to secure a “master account” and become a member of the Federal Reserve System.