Federal Reserve System | ForkLog

ForkLog 10 31.07.2024

Federal Reserve Maintains Key Rate; Bitcoin Dips to $66,400

On July 31, the United States Federal Reserve maintained its key interest rate range at 5.25–5.5% per annum. The decision aligned with market expectations. On July 11, the U.S. Bureau of Labor Statistics released a report on consumer prices, revealing an index value below the forecast—3% compared to the anticipated 3.1%. The cryptocurrency market reacted […]

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ForkLog 7 25.07.2024

US Senator Proposes Bill to Include Bitcoin in National Reserves

US Senator Cynthia Lummis plans to introduce a bill mandating the Federal Reserve to incorporate Bitcoin into its foreign exchange reserves, according to sources cited by FOX Business. The Wyoming representative is expected to unveil her initiative at the upcoming Bitcoin Conference before a speech by presidential candidate Donald Trump. Lummis’s team anticipates his support. […]

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ForkLog 5 24.07.2024

Former Fed Official Urges Rate Cut in July

The Fed should lower rates, preferably at the meeting on July 31. This was reported by former New York Fed President William Dudley to Bloomberg. The ex-official acknowledged that he previously believed in maintaining monetary policy to combat inflation, but due to new circumstances, he has abandoned his former stance. The expert noted the impact […]

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ForkLog 7 16.07.2024

Fed Chair’s Remarks Increase Odds of September Rate Cut

The Federal Reserve will not wait for inflation to drop to 2% before beginning to lower interest rates, warned Jerome Powell, Chairman of the Fed. Federal Reserve Chairman Powell said on Monday that the Fed will not wait until inflation falls to 2% before starting to cut interest rates. The Fed needs more evidence of […]

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ForkLog 25 11.07.2024

Inflation Slows as Bitcoin Surpasses $59,000

In June, annual inflation in the United States slowed from 3.3% to 3%, falling short of the consensus forecast of 3.1%. On a monthly basis, the consumer price index decreased by 0.1%, contrary to expectations of a 0.1% increase and zero change in May. The index excluding food and energy prices rose by 0.1% compared […]

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ForkLog 8 10.07.2024

Bitcoin Rallies Following Fed Chair’s Remarks

The price of the leading cryptocurrency climbed back above $59,000 following a speech by Federal Reserve Chair Jerome Powell in the Senate. Bitcoin’s value rose by 3.3% over the past day. The market capitalization increased by 2.5%, reaching $2.23 billion. Data: CoinGecko. Ethereum’s price exceeded $3100. Despite a 7.6% decline over the past week, it […]

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ForkLog 9 09.07.2024

Citi Predicts Fed Rate Cuts to Begin in September

Starting in September and continuing for the next seven consecutive meetings until July 2025, the Federal Reserve will reduce the key rate eight times by 25 basis points each, totaling a 2% decrease. This was stated by Citi analysts, according to Fortune. Subsequently, the regulator will maintain the key rate at 3.25% until the end […]

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ForkLog 8 17.06.2024

Investors Withdraw $621 Million from Bitcoin Products Following Federal Reserve Shock

The outflow from cryptocurrency investment products between June 8 and June 14 amounted to $600 million, including $621 million from bitcoin-based products, according to calculations by CoinShares. These figures were the highest since March 2024, equivalent to a third of the inflows from the previous week. Data: CoinShares. The total volume of assets under management […]

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ForkLog 9 13.06.2024

10x Research Predicts Bitcoin Rally Amid Fed’s Policy Shift

Bitcoin is poised to resume its upward trajectory as inflation eases, according to 10x Research, reports CoinDesk. “Our recommendation remains unchanged: stick with the winners (Bitcoin) and avoid the others (Ethereum and others). Our previous analysis showed that a decline in the consumer price index typically leads to an increase in the price of the […]

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ForkLog 16 12.06.2024

Federal Reserve Holds Key Rate Steady as Bitcoin Dips Below $69,000

On June 12, the U.S. Federal Reserve maintained its key interest rate range at 5.25–5.5% per annum. The decision aligned with market expectations. On the same day, the U.S. Bureau of Labor Statistics released its consumer price report. The index value was below the forecast—3.3% compared to 3.4%. The cryptocurrency market reacted negatively to the […]

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ForkLog 7 12.06.2024

Bitcoin Eyes Return to $70,000 as Inflation Slows

In May, annual inflation in the United States slowed from 3.4% to 3.3%, falling short of the consensus forecast of 3.4%. This marks the lowest rate since April 2021. On a monthly basis, the consumer price index remained unchanged, defying expectations of a 0.3% increase and matching April’s figure. Excluding food and energy prices, the […]

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ForkLog 61 12.06.2024

K33 Research Warns of High Risk for Crypto Traders Ahead of Fed Meeting

The cryptocurrency market is “highly exposed to risk” ahead of key inflation data and the Federal Reserve meeting. The Committee’s rate trajectory forecast and Jerome Powell’s press conference predictions will significantly impact prices. Clients of unregulated crypto derivatives platforms remain “highly exposed to risk,” increasing the potential for long liquidations ahead of key macroeconomic events, […]

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