World’s Largest Asset Manager Blackrock Predicts No Fed Rate Cuts This Year

The world’s largest asset manager, Blackrock, does not see the Federal Reserve cutting interest rates this year. “That’s the old playbook when central banks would rush to rescue the economy as recession hit. Now they’re causing the recession to fight sticky inflation – and that makes rate cuts unlikely, in our view,” said the firm’s [...]

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Bitcoin options: How will tomorrow's $4.7B expiry impact BTC price?

Bitcoin ETF requests, miners' sell pressure, and regulatory hurdles create uncertainty for the $31,000 BTC price resistance.

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Market Strategist Discusses ‘Super Bubbles’ Bursting — Warns of ‘Outrageously Consequential, Painful Effects’

Market strategist Jeremy Grantham, co-founder of asset management firm GMO, has warned of “super bubbles” bursting. He explained that the Federal Reserve has “created an environment conducive to a chain-linked series of super bubbles that break with outrageously consequential, painful effects.” Jeremy Grantham’s Warnings Investment strategist Jeremy Grantham shared his U.S. economic outlook with economist [...]

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Billionaire Barry Sternlicht Warns of Hard Landing — Says ‘Economy Is Going to Implode’

Billionaire Barry Sternlicht, chairman and CEO of Starwood Capital Group, has warned that the U.S. economy is going to implode, emphasizing that interest rates have to fall. He further stressed that the economy “will have a hard landing.” Barry Sternlicht on Hard Landing, Economic Implosion The chairman and CEO of Starwood Capital Group, billionaire Barry [...]

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Billionaire Bill Ackman on US Banking Crisis: ‘I Fear We Are Heading for a Train Wreck’

Billionaire Bill Ackman has warned that the U.S. economy is “heading for a train wreck” if the government allows the current banking crisis to continue. “Trust and confidence are earned over many years, but can be wiped out in a few days,” he said. “Hopefully, our regulators will get this right.” Bill Ackman’s Warning Billionaire [...]

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U.S. Treasury yields soar and Bitcoin stumbles amid debt ceiling, rate hike concerns

U.S. Treasury yields experienced a notable rise this week, causing increased apprehension in the market. Notable upswings occurred on Wednesday and Thursday when concerns over the debt ceiling and speculation over interest rate hikes pushed yields to record highs. In the early hours of Thursday, May 25, the yield on the 12-month Treasury bill reached […]

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Billionaire ‘Bond King’ Jeffrey Gundlach Predicts the Fed Will Cut Rates Substantially Soon

Billionaire Jeffrey Gundlach, aka the “Bond King,” has predicted that the Federal Reserve will be cutting interest rates substantially soon. “Red alert recession signals,” he added, noting that all U.S. Treasury yields two years and out are “well below the fed funds rate.” Doubleline CEO on Fed Rate Cuts and Recession Jeffrey Gundlach, chief executive [...]

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Federal Reserve Admits Blindsided Oversight of SVB Collapse

The Federal Reserve Chairman has admitted to being blindsided by the sudden collapse of Silicon Valley Bank (SVB) despite being under their supervision. The collapse of SVB has prompted an internal investigation led by the Vice Chairman to look into the failure of the bank and the Fed’s regulation of it. The bank’s collapse has been linked to the Federal Reserve’s successive interest rate hikes and erosion of its long-term bonds. This has led to depositors requesting withdrawals en masse, causing a bank run, and the Federal Deposit Insurance Commission taking possession of SVB. (Read More)

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Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector

Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country “will be unable to curtail [...]

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Federal Reserve Chair Powell Hints at Possible Pause in Interest Rate Hikes

Federal Reserve Chair Jerome Powell has hinted that the Fed may pause raising interest rates at the Federal Open Market Committee (FOMC) meeting next month. “Having come this far, we can afford to look at the data and the evolving outlook and make careful assessments,” Powell said. Fed Chair Jerome Powell on Rate Hikes Federal

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Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025

Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector It’s been [...]

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Federal Reserve Hikes Rates Up by 25 Basis Points Despite Banking Turmoil

Despite Silicon Valley Banks implosion, the Federal Reserve has elected to keep tightening monetary conditions in the United States. 4.75% to 5% range The Federal Reserve is pushing on in...

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Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’

Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressures continue to run high, and the process of getting inflation back down [...]

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‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion

Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture capitalists caused a bank run, while others [...]

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Who Failed Silicon Valley Bank Depositors?

Yes, SVB was tech-forward and, while not necessarily “crypto-friendly,” it did bank crypto hedge funds and VCs like Blockchain Capital, Castle Island Ventures, Dragonfly and Pantera (oh, and even CoinDesk). SVB didn’t fail because of any of these businesses. Even though it might make sense to be critical of depositor concentration in most cases, that [...]

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Federal Reserve Raises Rates by 25 Basis Points

Today the U.S. Federal Reserve announced that it was bringing interest rates to the 4.50% to 4.75% range, a 0.25% increase from last month. Rates were still at 0% less...

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‘FED sledgehammer’ will further batter BTC, ETH prices, says Bloomberg analyst

With the Merge resulting in a ‘buy the rumor, sell the news event,’ Mike McGlone thinks that ETH might drop to “$1,000, or even get a bit lower" given how hawkish the Fed has been.

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Bitcoin Price on Verge of $20,000 amid Fed’s Interest Rates Announcement

Crypto prices drop are more likely as the Fed is set to announce interest rate hikes on Friday this week. (Read More)

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Crypto Market Responds To Jerome Powell’s Congressional Hearing Remarks

Jerome Powell’s Congressional Hearing remarks on the crypto markets paint a bullish picture for the asset class’s future. Oh? — Will Clemente (@WClementeIII) March 2, 2022 Okay, this response may have come from a question about the World Economic Forum’s plan to use a basket of currencies as monetary backing, but crypto proponents like us […]

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Infamous Crypto Trader Predicts Bitcoin Will Cool Off Before Continuation

Crypto hacks and rate hike woes are doing nothing to deter the well-known crypto trader Kaleo. Where does he think Bitcoin is headed? Covered: Bitcoin Price Update Are We Seeing Rate Hikes Or FUD Hikes Right Now? Bitcoin has been on an absolute tear over the past couple of weeks. Just two weeks ago, the […]

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