FOMC


Markets

Fed Holds Rates Steady, Cuts Growth Outlook, Raises Inflation Forecast

The U.S. central bank continues to expect the fed funds rate to end 2025 at 3.9%, or roughly two rate cuts by year-end.

U.S. Federal Reserve Chairman Jerome Powell (Chip Somodevilla/Getty Images)

Markets

Ether Jumps 7% as Bitcoin Traders Watch $80K Support Ahead of FOMC

Meanwhile, gold broke above $3,000 to new highs earlier Wednesday, leading to some eyeing an inverse correlation of the yellow metal with bitcoin.

BTC's bullish pattern. (cjweaver13/Pixabay)

Markets

Bitcoin Edges Higher to $84K as Analyst Warns of Another Leg Down for Crypto

A crypto rally to new highs may have to wait until later this year, said Coinbase Institutional's head of research.


Markets

Bitcoin Dips Below $96K While CoinDesk 20 Plunges 10% Amid Fed-Spurred Rout; SOL Surrenders Post-Election Rally

Fed Chair Jerome Powell's hawkish comments Wednesday on rate cuts have rattled investors across asset classes.

CoinDesk Bitcoin Price Index on Dec. 19 (CoinDesk)

Markets

Bitcoin Slips to $101K, Altcoins Spiraling on Federal Reserve's Hawkish Tone

The Federal Reserve cut rates by 25 basis points as expected, but Fed Chair Jerome Powell's hawkish press conference

Fed Chair Jerome Powell (House Financial Services Committee)

Markets

Fed Cuts Rates by 25 Basis Points, Bitcoin Price at Record as Powell Says Trump Win Has 'No Effect' on Policy

Fed Chair Jerome Powell's speech later today could shake up markets as he will face questions about the central bank's outlook on monetary policy and inflation after Donald Trump's decisive win in the U.S. presidential election.

U.S. Federal Reserve Chair Jerome Powell testified that a U.S. CBDC isn't in the near future, and he said the Fed wouldn't design one to spy on Americans (screen capture, Senate Banking Committee video)

Markets

Altcoins Surge Leaving Bitcoin and Ether Behind After Fed Cuts Interest Rate

The market cap of altcoins rose 5.7% after the central bank announced it would lower interest rates by 50 basis points. Bitcoin’s market cap rose only 4.4%.

Bitcoin may have outperformed stocks in the aftermath of the Federal Reserve’s decision to lower interest rates on Wednesday, but the true winners in the crypto universe are altcoins. (Unsplash)

Markets

Fed Cuts Interest Rates by 50 Basis Points, Bitcoin Briefly Hits $61K Before Sell-Off

Market participants were uncertain about the size of the rate cut prior to the Fed meeting, laying the groundwork for market volatility.

Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in Washington, D.C. on Nov. 30, 2022. (Helene Braun/CoinDesk)

Markets

Bitcoin Holds Above $60K as Traders Warn of Sell-Off on 50 Basis Point Fed Rate Cut

Traders betting on Fed fund contracts are pricing in a 65% implied probability of rates cut to a 4.5-5% range. PLUS: Circle announces partnership with Polymarket

(CoinDesk Indices)

Markets

Bitcoin Gains 5% to $61K Ahead of Fed, but Order Books Suggest Rally Could Be Capped

Wednesday's FOMC meeting carries uncertainty for the market, with investors still divided on the magnitude of rate cut.

Bitcoin price on 9/17 (CoinDesk)

FOMC | CoinDesk