Jerome Powell
No ‘Brake’ for the Fed
Data shows that prices may not ease as quickly as expected. That may mean the Federal Reserve won’t back off from raising interest rates anytime soon. Higher rates tend to weigh on risky assets like bitcoin and other cryptocurrencies. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Powell’s Puzzle
U.S. financial conditions are easing. That’s putting more pressure on Fed Chief Jerome Powell to temper the expectations of investors who sent the prices of risky assets like cryptocurrencies higher on Wednesday in anticipation of lower rate hikes, as they downplay Powell’s comments that fighting inflation is still the Fed’s priority. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
November Jobs Report Due Friday as the Fed's Powell Confirms Slower Pace of Rate Hikes
The employment report for November is expected to show a sizable slowdown in hiring, but the labor market remains too tight, according to the central bank chair.
Bitcoin Crosses $17K for First Time in 2 Weeks
Umee founder and CEO Brent Xu discusses his outlook for bitcoin as the cryptocurrency climbs above $17,000 for the first time in two weeks and U.S. Federal Reserve Chair Jerome Powell says interest rate hikes are likely coming in December.
Rate Hikes Might Slow Beginning December, Says Fed Chair Powell; Casa to Add Ethereum Support
The U.S. Federal Reserve will likely raise interest rates by another 50 basis points in December, Fed Chair Jerome Powell implied Wednesday. Popular Bitcoin self-custody firm Casa is adding Ethereum support to its platform. Messaging app Telegram has sold $50 million in usernames in less than a month through its blockchain-based auction platform, Fragment.
Fed Likely to Raise Rates by 50 Basis Points in December; Bitcoin Jumps
Federal Reserve Chair Jerome Powell said that "it makes sense to moderate the pace of our rate hikes" as soon as December.
Bitcoin (Magic Internet Money!) Again Proves Less Volatile Than Stocks
The Federal Reserve stirred up markets last week, but bitcoin was less reactive than plain old stocks.
Bitcoin (¡dinero mágico de Internet!) vuelve a demostrar ser menos volátil que las acciones
La Reserva Federal agitó los Mercados la semana pasada, pero el Bitcoin fue menos reactivo que las acciones tradicionales.
Bitcoin (il denaro magico di Internet!) si dimostra ancora una volta meno volatile delle azioni
La Federal Reserve ha stimolato i Mercati la scorsa settimana, ma il Bitcoin è stato meno reattivo delle vecchie azioni.
Powell Addresses Pace of Rate Increases
There is "significant uncertainty" an interest rate level that will be sufficiently restrictive to bring inflation down to the Federal Reserve's 2% goal, Chair Jerome Powell says in a press conference on Wednesday.