Federal Reserve


Markets

Federal Reserve Keeps Interest Rates, Rate Cut Outlook Steady for This Year

Policymakers forecasted Wednesday they would lower interest rates to 4.6% by year-end, similarly to their December projection.

Fed Chair Jay Powell is set to speak after the central bank held policy steady (Helene Braun/CoinDesk)

Markets

Bitcoin Rebounds to $65K as Investors Weigh Looming Fed Decision Risk

Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday's FOMC meeting, one market observer said.

Fed Chair Jay Powell is set to speak after the central bank held policy steady (Helene Braun/CoinDesk)

Policy

U.S. Fed Chair Powell Says 'Nowhere Near' Pursuing CBDC, Won't Spy on Americans

The Federal Reserve chairman said his agency isn't anywhere close to making any recommendations and wouldn't want any direct connection to retail users' data.

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's Price Rally May Add to Inflation. Here's Why

The so-called wealth effect from unrealized crypto-market gains, which is estimated to be stronger than stocks, could boost consumer spending and inject demand-pull inflation into the U.S. economy.

(stevepb/Pixabay)

Policy

Republican Lawmakers Introduce Legislation to Ban a CBDC in the U.S. ... Again

Senators Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd and Mike Braun filed a bill titled "The CBDC Anti-Surveillance State Act."

(Andy Feliciotti/Unsplash, modified by CoinDesk)

Policy

U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar's Global Strength

Despite some fears in government circles that crypto could undermine the dollar, the Fed governor said that the use of dollar-dependent stablecoins can boost the dollar's reach.

U.S. Federal Reserve Gov. Christopher Waller says stablecoins may be doing the dollar a favor.  (Horacio Villalobos/Corbis via Getty Images)

Markets

Fed Leaves Rates Unchanged, Sounds Hawkish Note on March

Bitcoin investors have mostly been focused on spot ETFs and the upcoming halving, but central bank monetary policy is also likely to play a sizable role in the 2024 price outlook.

Federal Reserve Chairman Jerome Powell (Win McNamee/Getty Images)

Markets

Markets 'Too Optimistic' About Fed Rate Cuts: JPMorgan Asset Management

"The market may be too optimistic as we see limited evidence of disinflation in certain areas that are a focus for the Fed," strategists said, explaining a potential for a decline in risk assets.

(Jesse Hamilton/CoinDesk)

Markets

Arthur Hayes Foresees 30% Bitcoin Crash Amid 'Vicious Washout.' Here's Why

Markets may relive last year's U.S. banking crisis as a crucial funding program is set to expire, Hayes said.

Arthur Hayes (CoinDesk)

Markets

U.S. 216K Jobs Adds in December Tops Estimates for 170K

The closely watched report is likely to add to early 2024 jitters surrounding interest rates.

(Unsplash)