Tag: Federal Reserve
US Federal Reserve Raises Interest Rates as Expected; 25 bps
Summary: The US Federal Reserve's FOMC raised interest rates by 25 basis points, reaching their highest level in nearly 22 years. The ...Today’s Major Event: Federal Reserve’s Interest Rate Decision
Summary: The Fed is expected to raise interest rates at its July 26 FOMC meeting, causing crypto prices to rise due to ...Federal Reserve Officially Launches FedNow Payment Service
Summary: The US Federal Reserve has launched the FedNow payment service, aiming to modernize the American payment system and address issues like ...US Federal Reserve Chair Jerome Powell Backs Crypto Before Congress
Summary: Jerome Powell, the US Federal Reserve chairman, recently expressed his bullish assessment of the cryptocurrency industry before the Congress, stating that ...Bitcoin Bounces Back as US Unemployment Rate Drops to 3.6% in June
Summary: The BLS's employment report shows the US gained 209,000 jobs in June, below the consensus estimate of 230,000 and down from ...FOMC Minutes Reveal Fed Officials Advocate Interest Rate Hike
Summary: The FOMC meeting minutes reveal that most Fed officials support maintaining current interest rates, with some predicting a 25 basis point ...Federal Reserve Most Likely to Raise Interest Rates on July 26
The cryptocurrency market as a whole saw a significant uptick on Wednesday as Bitcoin and Ethereum prices hit their highest point in ...ECB Raises Interest Rates Amid Inflation Concerns
Summary: Unlike the U.S Fed, the European Central Bank (ECB) hiked its benchmark interest rate by 25 basis points to 4.00%, 4.25%, ...Breaking: U. S Fed Reserve Pauses Interest Rate Hike
Summary: The Federal Open Market Committee (FOMC) announced on Wednesday that it will stop interest rate rises and hinted at the possibility ...US CPI for May 2023 Shows Lowest Inflation Rate in Two Years
Summary: The monthly results were within expectations, while the yearly inflation rate of 4% is the lowest in two years. Post-inflation statistics, ...
