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Fed Maintains Interest Rates, Seeks ‘Greater Confidence’ on Inflation Goal; Bitcoin and Gold Hold Steady

Fed Maintains Interest Rates, Seeks ‘Greater Confidence’ on Inflation Goal; Bitcoin and Gold Hold Steady

On Wednesday, Jan. 31, 2023, the U.S. Federal Reserve opted to maintain the federal funds rate unchanged. The Federal Open Market Committee (FOMC) ...
Jan, 31, 2024
2 min read
by Bitcoin News
US Inflation Cools to 4% Annual Rate, Setting Stage for Fed’s Decision on Interest Rates

US Inflation Cools to 4% Annual Rate, Setting Stage for Fed’s Decision on Interest Rates

The U.S. Bureau of Labor Statistics’ consumer price index (CPI) report, released on Tuesday, reveals that inflation in the United States has eased ...
Jun, 13, 2023
2 min read
by Bitcoin News
Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July

Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July

Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the...
Jun, 03, 2023
2 min read
by Bitcoin News
US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023

US Central Bank Expected to Raise Lending Rate by 25bps: Experts Predict Final Hike of 2023

After the most recent increase in the federal funds rate, the U.S. Federal Reserve is set to raise the lending rate by 25 basis points (bps) to 5.2...
Apr, 30, 2023
3 min read
by Bitcoin News