The 30-day estimate for the world’s largest digital asset has fallen to just 0.74%, bitcoin’s lowest realized reading since Jan. 16
The central bank is not yet done increasing interest rates, minutes from last month’s meeting reveal
Crypto and equities dipped lower Wednesday after the central bank said interest rates wouldn’t be budging
Markets are hoping for some confirmation rate hikes are on the pause
Central bankers see more interest rate hikes, and recent economic data backs them up
While not a definitive indicator of market sentiment, open interest in futures markets can help shape expectations around the forward price of an underlying asset
If Powell and the committee signal a forthcoming pause in interest rate hikes, markets will react favorably, but a hawkish stance will likely send shares plummeting again
Crypto and traditional equities are posting gains as sentiment shifts towards risk-on assets ahead of the next FOMC meeting
Wall Street’s ‘fear gauge,’ has remained well below its one-year average, indicating traders think that have handle on the Fed’s next moves
In minutes from its meeting in December, the Fed said FTX’s collateral damage has not impacted the broader financial system
The hike marks the Fed’s seventh consecutive rate increase, a strategy it hopes will curb the highest inflation the country has seen in more than four decades
Investors seem confident that the central bank will continue its rate hikes this week with a 75 basis point increase announced Wednesday, followed by 50 basis points in December
The S&P 500 and tech-heavy Nasdaq are up about 8% and 3%, respectively, for the month of October, but this week could erase gains
Central bankers could be forced into a pivot if economic conditions don’t improve
The Dow Jones rose 0.23% by close, while the S&P 500 was up 0.36% and the Nasdaq increased 0.35%
Central bankers lowered their growth forecasts for the second half of 2022 and 2023, despite a rebound in GDP during the second quarter of 2022
The Fed is raising interest rates and shrinking its balance sheet to combat the highest inflation in four decades
Increased concerns with rising inflation, ongoing supply chain pressures and the war in Ukraine are leading to greater financial hardships for Americans, the Fed said
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Bitcoin and equities slightly rally on news that Fed rate hikes may be coming in the coming months
With supply chain issues at an all time high, inflationary pressures are likely to persist for some time, Fed officials said
The US Federal Reserve plans to speed up its asset purchase tapering timeline in response to high inflation and an improved labor market
FOMC members are divided about rising inflation and how to respond, November meeting minutes reveal.
Substantial further progress toward maximum employment “all but met,” Fed chair says.