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Fed's Rate Hike Signal Sends Bitcoin, Ethereum Into Tailspin
Thursday, August 17, 2023 - 1:21pm | 543Cryptocurrencies faced a downturn on Thursday, influenced by growing worries about the U.S. economic landscape. Bitcoin's (CRYPTO: BTC) value decreased by roughly 4.3% over the past 24 hours, trading at $27,770 levels, as per data from CoinGecko. This decline was triggered following the...
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Fed Chair Jerome Powell Addresses Inflation, Affirms Stablecoins' Status As Money
Wednesday, June 21, 2023 - 1:12pm | 364Federal Reserve Chair Jerome Powell has acknowledged stablecoins as a legitimate monetary instrument. Appearing before the U.S. House Financial Services Committee's half-yearly monetary policy review on Wednesday, Powell discussed the digital asset sector. Watch below: This was Powell...
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Market Strategist Explains Why Buy-The-Dips May Not Work In Current Times: 'Need To See The Fed Pause Interest Rate Hikes'
Tuesday, February 28, 2023 - 8:03am | 417Ameriprise Financial Chief Market Strategist Anthony Saglimbene reportedly said the current economic situation where earnings estimates are coming down and interest rates are going higher does not provide a conducive environment for buy-the-dips. What Happened: "As long as economic data is coming...
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Former Fed Vice Chairman Roger Ferguson Thinks The Markets Have It Wrong And Rate Hikes Will Continue Into 2023
Monday, October 24, 2022 - 12:36pm | 519Roger Ferguson, former vice chairman of the Federal Reserve and former CEO of TIAA, joined CNBC’s ‘Squawk Box’ earlier Monday morning to discuss what he expects to come from the Fed. What Happened: As the markets began to rally last week into Friday, based on the potential that...
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Depressing Similarities Between 1938 And The Present
Friday, June 17, 2016 - 8:44am | 362By the late 1930s, the worst of the Depression had passed after the U.S. President Franklin Roosevelt jolted the economy through the "New Deal," which focused on the "three Rs" — relief, recovery and reform. At the same time, private investment was at poor levels, as individuals chose to pay...
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Rate Hikes On The Horizon? Cramer Says Buy JPMorgan
Wednesday, May 18, 2016 - 11:16am | 321Shares of JPMorgan Chase & Co. (NYSE: JPM) were trading higher by more than 2.5 percent Wednesday morning because the "pre-hike people have spoken." These were the words Jim Cramer used during Wednesday's segment of "Stop Trading." According to Cramer, JPMorgan...