Federal Reserve


Finance

Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled

Hopes for a series of interest rate cuts in 2024 have all but vanished over the past few weeks as both the economy and inflation exhibit unanticipated strength.

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

Bitcoin Tumbles Below $60K, Risking Deeper Pullback as Crypto Markets Endure Worst Month Since FTX Crash

Recent U.S. economic data could prompt more hawkish forward guidance from the Federal Reserve.

Bitcoin price in April (CoinDesk)

Policy

Custodia Bank Appeals Court Loss in Fed Master Account Lawsuit

Custodia filed a notice of appeal on Friday after a judge last month ruled it did not have the right to a Fed master account.

Caitlin Long, Founder and CEO, Custodia Bank and Michael Casey, Chief Content Officer, CoinDesk (Shutterstock/CoinDesk)

Markets

Polymarket Traders See 32% Chance of No Fed Rate Cuts This Year

The hawkish shift in the market sentiment could dampen the demand for risk assets, including cryptocurrencies and technology stocks.

(Jesse Hamilton/CoinDesk)

Mga video

Is Crypto at the 'Mercy' of Fed Rates and Macro Conditions Now?

Strix Leviathan Chief Investment Officer Nico Cordeiro weighs in on the recent correction across the crypto market and his outlook on bitcoin (BTC) and ether's (ETH) price movements. Plus, how macroeconomic conditions and the Federal Reserve's decisions could impact the overall crypto market.

Recent Videos

Opinyon

The Solution for Stablecoin Regulation

Senators Cynthia Lummis and Kirsten Gillibrand are proposing legislation to address the inadequacies in the stablecoin sector, and foster financial innovation in the United States. "The possibilities for using stablecoins are numerous," they write.

U.S. Capitol building in Washington, D.C. (Jesse Hamilton/CoinDesk)

Markets

Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary

The world's largest crypto regained the $69,000 level at one point in the session before slipping a bit.

Minneapolis Federal Reserve Bank President Neel Kashkari (Fox News)

Markets

Choppy Bitcoin Price Action Continues Ahead of Friday's Jobs Report

Flows into the new spot ETFs have been subdued for a couple of weeks, possibly prompting a renewed interest in macro drivers for price direction.

Crypto markets were choppy ahead of the Ethereum Merge. (Creative Commons, modified by CoinDesk)

Markets

Bitcoin Drops Over 5% as Upbeat U.S. Factory Data Powers Dollar Index to Nearly 5-Month High

The U.S. factory activity unexpectedly expanded in March, data released Monday showed, sending the dollar index higher.

BTC's price chart

Policy

Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application

The Federal Reserve has discretion in deciding whether to grant a master account, a judge ruled.

Catlin Long, Founder and CEO, Custodia Bank (Shutterstock/CoinDesk)