Fedspeak: Thoughts On The Latest FOMC Press Conference
The Federal Reserve, everyone’s favorite central bank, is up to its usual shenanigans.Jerome Powell, everyone’s favorite, unelected, talking piece of coral that presides over the Federal Reserve took to the stage November 3 in order to spew his typical “Fedspeak.” An important note before we begin. The Federal Reserve is creating new policies because they cannot be trusted. Two officials were caught in a scandal for their trading practices, obviously profiteering from the pandemic. This has shaken trust for the central bank. Many questions following the invertebrate’s monologue focused on....
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On Wednesday, the Federal Open Market Committee (FOMC) and Fed chair Jerome Powell held a press conference concerning the American economy, the central bank’s plans to address inflation, and the ongoing Russia-Ukraine war. Powell announced that the FOMC decided to increase the benchmark bank rate by a quarter percentage point and further noted the Fed anticipates “ongoing increases…will be appropriate.” Federal Reserve Increases Benchmark Bank Rate For the first time since the onset of the Covid-19 pandemic, the Federal Reserve announced that it increased the....
At this very moment, conference goers who are in town for the Bitcoin 2022 Miami conference are lining up for Sound Money Music Festival for a day of fist pumping and beat drops. With the business end of the annual crypto event now in the bag, here are some final thoughts and reflections on the […]
The Bitcoin price has been moving sideways over the past two days, but market participants expect volatility over today’s trading session. The U.S. Federal Reserve (Fed) will announce another interest rate hike during its Federal Open Market Committee (FOMC) meeting. Related Reading: Litecoin Recovery To End Ongoing Crypto Darkness? LTCUSD November 2, 2022 At the time of writing, the Bitcoin price trades at $20,400 with sideways movement in the last 24 hours and a 2% profit over the previous seven days. In general, the crypto market is moving with the same sentiment except for Dogecoin....
Join us as we discuss this and other topics with Tim Warren, co-host of Coffee N Crypto, and Mark Yusko. In this week's episode of Market Talks, we welcome the founder, chief investment officer and managing director of Morgan Creek Capital Management, Mark Yusko.Mark W. Yusko is an investor and hedge fund manager. He is the founder, chief investment officer and managing director of Morgan Creek Capital Management and also the Co-Founder & Partner of Morgan Creek Digital.The main topic for discussion with Mark is if we are finally at the end of this crypto winter and what that could mean....
US Treasury data combined with PBoC reporting suggests that China's foreign currency reserves experienced a strong decline in November. There are several explanations and some see bitcoin to be the beneficiary. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Fed Rates Announcement. Mon 14 December. N/A. Tue 15 December. N/A. Wed 16 December. USD FOMC Economic Projections. USD FOMC Statement. USD Federal Funds Rate (expected:<0.50% previous:<0.25%). USD FOMC....