Interest Rates
Bitcoin Dips Below $32K as Bets for Fed Rate Hike Rise
Bitcoin's price dipped below $32K Wednesday amid increased bets the U.S. Federal Reserve will potentially raise interest rates earlier than expected. "The Hash" hosts discuss the future of bitcoin if it no longer behaves like the inflation hedge it is said to be. Plus, reactions to Fed Chair Jerome Powell's testimony on inflation and the state of the wider economy.
Market Wrap: Bitcoin Declines as Fed Projects Interest Rate Rise in 2023
The U.S. central bank also increased estimates of coming inflation to 3% from the 2.2% projection in March, largely due to transitory factors.
Federal Reserve Officials Raise 2021 Inflation Projection, Powell Addresses Asset Purchases
This was a significant increase from the 2.4% officials were predicting in March.
Upside Elusive for Bitcoin as Yellen Says Fed Rate Hike a 'Plus'
Yellen's rate-hike comments and lingering China regulatory concerns dominate market sentiment.
As Powell Heads to Fed Meeting, Inflation Data Can Only Get Worse
Fed Chair Jerome Powell's challenge is to convince traders he's got the resolve to respond to runaway inflation, without actually doing anything.
Why Genesis, BlockFi, Ledn Are Cutting Interest Rates on Large-Scale Bitcoin Deposits
Genesis is cutting bitcoin deposit rates effective Thursday, following BlockFi's reduction last week.
Market Wrap: Bitcoin Near $58K on Fed Pledge to Keep Loose Policy
Bitcoin's price has doubled this year, partly because of demand from institutional investors who are looking for an asset that might hold its worth if the dollar’s purchasing power declines.
Bitcoin Pares Losses as Fed’s Powell Sees No Rate Hike Anytime Soon
Federal Reserve Chair Jerome Powell assures markets that monetary policy will stay loose "as long as it takes."
How the Federal Reserve Might Try to Calm Inflation Fears This Week
The question is whether Powell will allow bond yields to keep rising or if the Fed will step in to ward off any unwanted market reaction.
Fed Chair Powell: ‘We’d Welcome Higher Inflation’
The central bank doesn’t want to pull back asset purchases just yet, Powell said Wednesday.
