Fed’s Minutes Report ‘Bludgeons’ Global Markets — Stocks, Crypto, Precious Metals Slip in Value – Economics Bitcoin News

Minutes from the U.S. Federal Reserve’s policy meeting on December 14-15 show that the central bank is being persistent about unwinding quantitive easing (QE) tactics and that it views ultra-low interest rates as no longer necessary. Global markets immediately dropped after the news was published as stock markets roiled, crypto markets shed billions, and precious […]

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Feds Waller Backs Holding Off on Rate Cuts as Inflation Unfolds

As inflation surges and the economy rebounds, Federal Reserve Board Governor Christopher Waller has expressed his support for pausing rate cuts to allow the situation to stabilize. Waller emphasized the importance of closely monitoring inflation data and its effects on the economy before making any decisions on interest rates. Waller’s remarks come amidst rising concerns [...]

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Bitwise CIO downplays price hiccup amid Bitcoin bull trend after FOMC shakes markets

Bitcoin’s price experienced a sharp pullback following the US Federal Reserve’s recent rate cut, but market experts like Bitwise CIO Matt Hougan remain optimistic about the asset’s long-term trajectory. On Dec. 18, the Federal Reserve announced a 25-basis-point rate cut, scaling back its outlook for 2024 to two cuts instead of the previously expected four. […]

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