U.S. President Joe Biden will nominate Sarah Bloom Raskin as the U.S. Federal Reserve's vice chair for supervision, CNBC reported on Thursday, citing people familiar with the matter. The president will also tap Lisa Cook and Philip Jefferson as Fed governors, according the report. Source link … [Read more...] about Biden to Tap Sarah Bloom Raskin for Fed’s Powerful Vice Chair for Supervision: Report
Feds
Bitcoin Slips To 3-Month Low, Analysts Divided on Impact of Fed’s Tightening
On Thursday, the U.S. two-year treasury yield, which mimics short-term interest rate and inflation expectations better than the 10-year yield, rose to a 22-month high of 0.87%. The short-term yield has more than doubled to 0.76% in the past quarter, according to TradingView. The yields may rise further if the U.S. non-farm payrolls data scheduled for release at 13:30 UTC on … [Read more...] about Bitcoin Slips To 3-Month Low, Analysts Divided on Impact of Fed’s Tightening
What the Fed’s ‘Hawkish’ Turn Means for Bitcoin
This episode is sponsored by NYDIG.Download this episodeYesterday in the wake of the FOMC meeting, the Federal Reserve signaled a hawkish turn. Asset purchases will be tapered at twice the speed, and the Fed is now anticipating three rate hikes next year. So why, in the wake of all that, are risk assets going up, and five-year inflation expectations climbing?See also: Bitcoin … [Read more...] about What the Fed’s ‘Hawkish’ Turn Means for Bitcoin
Bitcoin’s Decline Suggests Fed’s Hawkish Policy Shift is Priced in
Bitcoin appears to have digested the U.S. Federal Reserve’s (Fed) impending hawkish or anti-inflation policy adjustment with a significant decline in recent weeks. Analysts said the cryptocurrency could see a relief rally post the Fed decision due later on Wednesday.The central bank is widely expected to announce a $30 billion reduction in asset purchases starting in January … [Read more...] about Bitcoin’s Decline Suggests Fed’s Hawkish Policy Shift is Priced in
Bitcoin Tops $58K With Focus On Omicron and Fed’s Powell Speech
“Bitcoin is largely being grouped with other risk assets at the moment,” Matthew Dibb, COO and co-founder of Stack Funds, said. “After Friday’s collapse in equities, we have seen some buying in major coins, but it’s too early to say whether it will continue.” Source link … [Read more...] about Bitcoin Tops $58K With Focus On Omicron and Fed’s Powell Speech