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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 … Read more
Global markets have defied predictions as the U.S. Federal Reserve and several central banks worldwide are prepping to slow down monetary easing policy. On Wednesday, the U.S. central bank’s Federal Open Market Committee (FOMC) said it plans to taper quantitative easing (large monthly asset purchases) and end the program by March 2022. Moreover, the FOMC … Read more
A report issued by the Huobi Research Institute, the investigative arm of the Asian exchange, examines the effect that upcoming changes of U.S. Federal Reserve policy could have on the price of cryptocurrencies. The report, titled “Taper Landed: The Turning Point of The Cryptocurrency Market is Coming,” states that due to the upcoming tapering, the … Read more
BTC, stocks and commodities took a hit after the Federal Reserve acknowledged that inflation is more than just a “transitory” problem and hinted that tapering could occur sooner than expected. Go to Source Powered by WPeMatico
The greenback regained strength in hopes that stronger inflation data in the U.S. would revive a tighter monetary policy and after better-than-expected retail sales growth. Go to Source Powered by WPeMatico
BTC, ETH and altcoins saw a slight pullback a day after the Federal Reserve signaled that its monetary policy is subject to cool off soon. Go to Source Powered by WPeMatico
Rising jobless claims in the U.S. sparked selloffs in the dollar market. On the other hand, Bitcoin held onto its intraday gains. Go to Source Powered by WPeMatico
Nonfarm payroll data shows the worst U.S. jobs gain in seven months, limiting concerns of Federal Reserve tapering this year. Go to Source Powered by WPeMatico
The benchmark cryptocurrency retreated alongside risk-on markets as investors shifted their exposure to the U.S. dollar. Go to Source Powered by WPeMatico
The Federal Reserve Chairman had to explain what he meant by the term “transitory” inflation as he admitted that consumer prices have gone higher than he and other central bank officials had anticipated. Go to Source Powered by WPeMatico
