Economics


Markets

Fed Hikes Rate at Fastest Pace in 22 Years, Will Start Shrinking Balance Sheet

The central bank is taking a hawkish stance as inflation is running at its highest level in four decades.

Federal Reserve chair Jerome Powell at a press conference following the Fed's decision on May 4, 2022. (Source: Wall Street Journal)

Markets

Fed Meeting Decision Looks Baked, But Outlook Is Far From Certain

The Federal Open Market Committee is holding its two-day, closed-door meeting starting today.

Federal Reserve building (Paul Brady Photography/Shutterstock)

Markets

Labor Costs Jump by Most in 2 Decades, Adding to Inflationary Surge

This move adds more pressure on the Federal Reserve to hike rates fast.

(Sasun Bughdaryan/Unsplash)

Markets

Market Wrap: Cryptos Mixed as Bitcoin Trades Near $40K

BTC is on track for a 15% decline this month, compared with a 13% loss in ETH.

Searching for signs of stability (Julian Hochgesang/Unsplash, modified by CoinDesk)

Markets

US Economy Shrinks Unexpectedly, Amplifying Recession Fears

Headline GDP shrank 1.4%, data by the Bureau of Economic Analysis showed Thursday. Analysts were expecting a 1% increase.

Real GDP percentage change from preceding quarter (U.S. Bureau of Economic Analysis)

Markets

Market Wrap: Bitcoin Stabilizes as Bearish Sentiment Pauses

The relief bounce in stocks and cryptos could be short-lived as recession risks linger.

Sell-off stabilizes (Shutterstock)

Markets

Crypto Market's Direction During a Recession Might Depend on Nasdaq

Analysts say as the broader stock market goes, so goes bitcoin when recession hits.

Business fund investor planning for investment in crisis recession coronavirus , Covid-19 after stockmarket crash using cryptocurrency,bitcoin, for invest use digital tablet and mobile online trading

Markets

Market Wrap: Cryptos Slip as Bitcoin Struggles to Hold $40K

BTC declined by as much as 4% over the past 24 hours, compared with a 2% dip in ETH.

(Ussama Azam/Unsplash)

Markets

Fed's Powell Says 50 Basis Point Hike ‘On the Table’

The Federal Reserve chair spoke on a panel about the global economy presented by the International Monetary Fund.

Federal Reserve Chair Jerome Powell on a panel hosted by the International Monetary Fund on April 21, 2022. (IMF)