The cryptocurrency market has experienced a significant downturn, with Bitcoin plunging below $100,000, trading at the time of writing at only $97,173, down some -0.23 on the day, and other major tokens suffering even steeper losses. This sharp correction coincides with a shift in the Federal Reserve’s monetary policy stance, …
Read More »Bank of England Holds Rates Steady Amid Persistent Inflation Pressures
The Bank of England (BoE) opted to maintain its Bank Rate at 4.75% on Thursday, reflecting a cautious approach to monetary easing as inflation pressures continue to challenge the central bank’s medium-term objectives. Rate Decision Details Policymakers voted 6 to 3 in favor of leaving rates unchanged, a more decisive …
Read More »Powell Speech: Stronger Growth, Lower Unemployment Driving Slower Rate-Cut Path
In a recent post-meeting press conference, Federal Reserve Chairman Jerome Powell explained the decision to cut the federal funds rate by 25 basis points to the range of 4.25%-4.5%. The decision, taken after the December meeting, was driven by several factors including stronger economic growth and lower unemployment.Key Drivers Behind …
Read More »Fed cuts interest rate by 25 basis points as expected
The US Federal Reserve cut interest rates on Wednesday and signaled it will slow the pace at which borrowing costs fall any further given a relatively stable unemployment rate and little recent improvement in inflation. “Economic activity has continued to expand at a solid pace” with an unemployment rate that …
Read More »US Rate Preview: How could financial markets react to last FOMC decision in 2024?
The Fed will likely move ahead with another 25-basis point cut at its December meeting. The Federal Reserve’s last meeting in 2024 is poised to be a pivotal moment in the ongoing economic battle against inflation in the United States. As the US central bank prepares to deliver its final …
Read More »Weekly Recap: Central banks on the move
Last Monday, the Nasdaq index temporarily surpassed the 20,000-point mark, setting a new record. Strong economic growth, increasing corporate profits, moderate inflation, and the beginning of central banks easing their monetary policies have all contributed to the stock market’s successful performance this year. However, some uncertainties remain about the future …
Read More »What could looming Fed’s rate cut mean for investors?
The Federal Reserve’s impending interest rate cut is a complex event with far-reaching implications for investors and consumers alike. While it may offer some short-term relief, it also introduces a host of uncertainties and potential risks.A Cautious PivotThe Fed’s decision to ease monetary policy reflects a cautious approach to navigating …
Read More »Euro Weakens as ECB Cuts Rates, US Dollar Gains Strength
ECB’s Dovish Stance Weighs on the EuroThe European Central Bank (ECB) has once again cut interest rates by 25 basis points, signaling a continued dovish stance. This move, aimed at stimulating economic growth and combating deflationary pressures, has weakened the Euro. Additionally, ECB President Christine Lagarde’s acknowledgment of discussions regarding …
Read More »ECB Cuts Rates Again Amid Economic Woes and Near-Target Inflation
The European Central Bank (ECB) lowered its key interest rates at its Thursday meeting, as anticipated, in an effort to combat weak growth across the eurozone. It also hinted at further easing measures in 2025, reflecting the region’s ongoing economic challenges. Key Decisions Deposit Rate: Reduced by 25 basis points …
Read More »ECB Poised For Last Cautious Rate Cut In 2024 Amid Economic Uncertainty
For the fourth time this year, the European Central Bank is anticipated to lower its key deposit facility rate by a quarter point, to 3 percent. In order to prevent the Eurozone from slipping into stagnation due to political impasse in France and policy drift in Germany, many also anticipate …
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