Boring FOMC Speech and Predicted Rate Hike Fails to Stir Crypto Market

Federal Reserve raises interest rates amid stable economy; potential for future hikes remains uncertain.

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‘How did this happen’ — Powell says Fed stumped over the collapse of SVB

United States Federal Reserve chairman Jerome Powell has conceded that his regulator was blindsided by the sudden collapse of Silicon Valley Bank (SVB), despite it being under their watch. In a press conference held just after the Federal Open Market Committee meeting on March 22, Powell said he immediately knew there was a need for [...]

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Fed Pauses Interest Rates After 10 Consecutive Hikes; Committee Likely to Raise Rates ‘Somewhat Further’ This Year

In accordance with market predictions, the U.S. Federal Reserve decided to halt its rate hike this month after ten consecutive hikes since last year. The members of the Federal Open Market Committee (FOMC) asserted that the U.S. banking system is still “sound and resilient,” and the committee continues to closely monitor inflation risks. Federal Reserve [...]

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US Inflation Cools to 4% Annual Rate, Setting Stage for Fed’s Decision on Interest Rates

The U.S. Bureau of Labor Statistics’ consumer price index (CPI) report, released on Tuesday, reveals that inflation in the United States has eased to a yearly rate of 4%. The latest development arrives just ahead of the upcoming Federal Open Market Committee (FOMC) meeting scheduled for June 14. The prevailing market sentiment leans towards the [...]

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Bitcoin sees first major weekly price decline since Trumps election win

Bitcoin is down 10% after reaching its all-time high price of $108,135 on Dec. 17.

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Bitcoin Hits 28K. Will CPI Data and FOMC Push BTC to the 30K level?

Bitcoin's bullish trend continues as it reaches a 10-month high weekly close, with obstacles still to overcome.

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