Federal Reserve

Market Wrap: Bitcoin Hits Two-Month High After Late Day Surge

Bitcoin hits its highest level since mid May and has risen more than 15% over the past week.

Markets  ·  30 July 2021

Federal Reserve Keeps Rates Near Zero, Still Sees Inflation as ‘Transitory’

Even while pressure mounts to taper its asset purchases, the central bank will continue its accommodative quantitative easing.

Markets  ·  28 July 2021
Bitcoin

COVID-19 Stimulus Checks Fueled ‘Modest’ Jump in Bitcoin Price Last Year: Cleveland Fed

Policymakers should not be concerned, the researchers wrote: Only 0.02% of coronavirus-relief checks ended up in bitcoin.

News  ·  16 July 2021
Federal Reserve

Jerome Powell: I’m ‘Undecided’ on the Benefits of CBDCs

The Federal Reserve chair said "the more direct route" would be to regulate stablecoins.

Markets  ·  15 July 2021
Federal Reserve

Jerome Powell: CBDC Report Coming in Early September

The report will address cryptocurrencies, stablecoins and CBDCs.

News  ·  14 July 2021
Bitcoin

US June Consumer Price Index Rose Faster Than Expected

Financial markets from stocks to bonds to cryptocurrencies have been fixated on inflation readings as the economy reheats.

Markets  ·  13 July 2021
Federal Reserve

Fed Says ‘Surge’ in Crypto Prices Reflects Increased Risk Appetite

The central bank's monetary policy report to congress gave crypto a rare shoutout Friday.

Policy & regulation  ·  9 July 2021
Federal Reserve

US Jobs Report Shows Gain of 850K in June, Beating Estimates

The Labor Department also revised May's numbers up by 24,000.

Markets  ·  2 July 2021
Newsletters

Stablecoins and CBDCs: Private Vs. Public Monetary Innovation

A Federal Reserve official praised stablecoins over CBDCs, yesterday. The debate cuts right to role of government in money.

Policy & regulation  ·  29 June 2021
Federal Reserve

Fed Vice Chair: ‘We Should Be Saying Yes’ to Stablecoins

Randal Quarles expressed more support for stablecoins than some of his colleagues.

News  ·  28 June 2021
Bitcoin

Bitcoin Remains Relatively Resilient Post-Fed as Fiat Currencies Drop Against Dollar

Bitcoin remains relatively resilient, having priced in the Fed's hawkish tilt in advance.

Markets  ·  18 June 2021
Bitcoin

Market Wrap: Bitcoin Struggles Below $40K as Traders Digest Fed Statement

Bitcoin is under pressure as Fed taper concerns linger, although some expect crypto to remain resilient.

Markets  ·  17 June 2021
Bitcoin

Market Wrap: Bitcoin Declines as Fed Projects Interest Rate Rise in 2023

The U.S. central bank also increased estimates of coming inflation to 3% from the 2.2% projection in March, largely due to transitory factors.

Markets  ·  16 June 2021
Federal Reserve

Federal Reserve Officials Raise 2021 Inflation Projection, Powell Addresses Asset Purchases

This was a significant increase from the 2.4% officials were predicting in March.

Markets  ·  16 June 2021
Bitcoin

Bitcoin Enters Wait-and-See Phase Ahead of Fed Statement

Wednesday's Fed policy statement is likely to see a binary market reaction.

Markets  ·  16 June 2021