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FEDERAL RESERVE

Polymarket traders think there is a more than 70% chance of a 25-basis-point cut in the Fed’s next rate decision

Polymarket traders predict a likely federal funds rate cut, with high odds for a reduction due to inflation decline and a weak job market, amid growing activity on the platform.

theblock.co • 03/09/2024 - 06:25 AM

July’s CPI data shows inflation slowing to 2.9%, the lowest in over three years

CPI rose by 0.2%, driven by housing costs; Bitcoin reacts to inflation report, anticipating Fed interest rate cuts. Labor market data crucial for BTC's future.

theblock.co • 14/08/2024 - 14:55 PM

FEDERAL RESERVE

Federal Reserve spots 'significant deficiencies' connected to Customers Bancorp risk management and AML requirements

The Federal Reserve identified significant deficiencies in Customers Bancorp's risk management and compliance, prompting enforcement actions and criticisms from the crypto industry regarding potential broader crackdowns.

theblock.co • 08/08/2024 - 16:12 PM

Experts call on the Fed for emergency interest rate cut

Wharton’s Jeremey Siegel called on the Fed to make an emergency 75 basis-point cut in the federal funds rate. Bitwise CIO Matt Hougan sees a more measured approach and said an emergency cut is unlikely.

theblock.co • 05/08/2024 - 16:03 PM

Bitcoin posts slight gain after Fed holds rates steady, citing further progress toward 2% inflation target

Bitcoin's price steadied post-Fed's interest rate hold, while markets anticipate a potential rate cut in September, supported by easing inflation and steady stock indices.

theblock.co • 31/07/2024 - 18:17 PM

U.S. presidential candidate Robert F. Kennedy Jr. promises to issue Bitcoin-related executive orders if elected

Robert F. Kennedy Jr. vows to enact Bitcoin-related executive orders if elected, including transferring government-held Bitcoin, daily purchases, and non-taxable transaction guidance.

theblock.co • 26/07/2024 - 22:57 PM