FOMC

As the cryptocurrency market braces for the upcoming Federal Open Market Committee (FOMC) meeting, a prominent crypto analyst has made a bold prediction about Bitcoin‘s (CRYPTO: BTC) immediate future. What Happened: Micahël van de Poppe, a well-known crypto analyst, took to social media...

Pseudonymous cryptocurrency trader Kevin recently shared his thoughts on the upcoming Federal Open Market Committee (FOMC) meeting, predicting it could have a sizeable impact on the cryptocurrency market. What Happened: Kevin in his latest tweet emphasized the importance of the meeting, set to take...

Minutes from the latest Federal Open Market Committee (FOMC) meeting in March underscore escalating uncertainties regarding the future of inflation among various Fed members, intensifying concerns about interest rates on a day marked by another unforeseen uptick in the consumer price index. March...

Itching to Ease & Two Policy Puts (BN) POWELL: STRONG HIRING BY ITSELF NOT A REASON TO DELAY RATE CUTS Once again, the Summary of Economic Projections (SEP) offered a market surprise. The increase in median ‘24 growth and core inflation forecasts, combined with no change in the expected...

Fed Chair Jerome Powell indicated on Wednesday that the Fed is likely to cut rates at some point this year, although he acknowledged that the outlook is uncertain and that decisions will be made on a meeting-by-meeting basis. During the March meeting, the Federal Reserve opted to maintain interest...

The Federal Reserve kept interest rates unchanged Wednesday between 5.25% and 5.5% at its March meeting, as widely expected by investors, confirming intentions to lower the cost of money in the coming months. While the policy statement provided little variation from January, the Federal Open Market...

The Federal Open Market Committee (FOMC) meeting announcement, set for Wednesday afternoon, stands as one of the most anticipated in recent memory. Two years since the start of interest rate hikes, with the Fed bringing rates to their highest levels in over two decades, policymakers may now finally...

The Federal Open Market Committee (FOMC) meeting is the pivotal event for the markets this week, possibly even the most crucial one of the entire first quarter of 2024. While the customary policy-meeting statement, set to be released at 2 p.m. on Wednesday, is expected to confirm a steady rate...

Investors and analysts are closely watching the Federal Open Market Committee (FOMC) meeting on Tuesday and Wednesday with the potential for the first of several rate cuts that were said to be coming in 2024. What Happened: The Federal Reserve hinted at three rate cuts for 2024, which would follow...

Investors are on the edge as the Federal Open Market Committee (FOMC) prepares for its pivotal meeting this Tuesday and Wednesday, marking the most significant market event of the first quarter of 2024. With the rate decision anticipated to hold steady, all eyes are intensely focused on the so-...

The U.S. consumer price index exceeded expectations in February, mirroring the robust performance seen in January and casting doubt on the imminent commencement of interest rate cuts by the Federal Reserve. In February 2024, the inflation rate climbed to 3.2% compared to the previous year, as...

Tech Boom Bond Bust Nvidia (NASDAQ: NVDA) delivered the goods, overwhelming a series of hawkish Fed speeches and FOMC January 30-31 meeting minutes that led to another 10bp in yield across the Treasury curve through Thursday’s close, bringing the move from the late December lows on...

In a Sunday post on X, formerly Twitter, economist Paul Krugman called out blockchain-backed inflation tracking site Truflation for its consistently lower inflation numbers compared to the Bureau of Labor Statistics (BLS). What Happened: Krugman, in his tweet, questioned the utility of Truflation...

The minutes from the latest Federal Open Market Committee (FOMC) meeting underscored the Federal Reserve’s commitment to await more concrete evidence of a disinflationary trend before contemplating interest rate reductions. According to the Fed statement, the FOMC emphasized that it...

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $726,200 or less witnessed a further increase recently, reaching 7.06% for the week ending Feb. 16, 2024. It marks the highest point observed since early December, as reported by the Mortgage...