FOMC


Markets

Bitcoin Climbs Above $22K as Powell Softens Tone on Day 2 of Congressional Testimony

The Fed chair said no decision has yet been made on the size of the coming March rate hike.

Fed Chair Jerome Powell (Anna Moneymaker/Getty Images)

Markets

Bitcoin, Ether Trade Marginally Lower Following Release of Discouraging Jobs Data

A persistently robust employment market has played a major role in capping asset prices, though a floor seems intact as well.

(Midjourney/CoinDesk)

Videos

Fed Minutes Show Most Members Approve 25BPS Rate Hike; Counsel Says Voyager’s Binance US Sale Plan ‘Full Steam Ahead’

The latest FOMC minutes reveal that almost all Fed policymakers favored easing rate hikes to a quarter percentage point. Plans to wind up Voyager Digital by selling assets to Binance US are "on track," an attorney for the bankrupt crypto lender told a New York court on Wednesday. Coinbase (COIN) topped fourth-quarter earnings estimates Tuesday evening, but shares are sharply lower Wednesday alongside a sizable pullback in crypto.

Recent Videos

Markets

Crypto Markets Analysis: CPI Data Shakes Crypto Markets Before Cooler Heads Prevail

Erratic moves immediately following the CPI data release steadied as the day progressed.

(Getty Images)

Finance

Bitcoin's 'Golden Cross' Explained

This much talked about technical indicator has value, yet doesn’t tell the whole story.

(Georgijevic/Getty Images)

Videos

Market Is Revisiting Pre-Pandemic Sentiment: Portfolio Manager

In his post-FOMC meeting press conference, Federal Reserve Chair Jerome Powell said the disinflationary process has started. NewEdge Wealth Senior Portfolio Manager weighs in on that statement, saying, "not this year, maybe not even next year, but the year after we'll be in some mild deflation scenario."

Recent Videos

Finance

Federal Reserve Lifts Interest Rates Another 25 Basis Points

Bitcoin's price was little changed in the minutes following the announcement.

U.S. Federal Reserve Board Chairman Jerome Powell (Anna Moneymaker/Getty Images)

Markets

Bitcoin Little Changed on Soft Economic Data Ahead of Fed Meeting

Wednesday morning's ADP jobs and ISM manufacturing reports both came in weaker than expected.

The U.S. government released its latest jobs figures Friday (David McNew/Getty Images)

Markets

Fed Preview: Powell to Trigger 'Healthy Pullback' in Bitcoin, Experts Say

Financial conditions have loosened to a point where the Fed chair may detail the extent of easing is unwarranted, one observer said, warning of a pullback in risk assets.

The Federal Reserve Bank of New York is leading a program to test the use of digital tokens to settle transactions among financial institutions. (Shutterstock)