Crypto Market News Weekly: Bitcoin Hits $39,000, Binance Changes, and Powell’s Influence

2023-12-01 20:34:28 This week, the bitcoin exchange rate has already reached the level of 39,000 dollars. However, in the last seven days, the market actually calmed down without any major developments. The total value of the market already exceeds 1,500 billion dollars. And most of the gains came from Bitcoin, which tested the $39,000 level … Read more

The market thinks rates will come down a lot. It could be let down

2023-11-15 19:57:44 Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images Markets seem to have taken this week’s positive economic data as the all-clear signal for the Federal Reserve to start cutting interest rates aggressively … Read more

Fed comments lift bonds and weaken stocks

2023-11-09 23:00:43 An attempt to pressure or change policy? As for Krishna Guha of Evercore, he considered that Powell’s “tougher tone” could be read as an attempt to pressure against further easing of financial conditions, and to limit expectations of lowering interest rates within the acceptable range, while preserving the possibility of increasing interest rates … Read more

Fed’s Goolsbee says ‘golden path’ of a huge drop in inflation without a recession is still possible

2023-11-07 15:38:58 Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly. “Because of some of the strangeness of this moment, there is the possibility of the golden path … that we got inflation down without a … Read more

Bad news for the economy is good news for the stock market … as long as it doesn’t get too bad

2023-11-03 16:12:27 Traders work on the floor of the New York Stock Exchange (NYSE) on November 02, 2023 in New York City. Spencer Platt | Getty Images Friday’s market reaction to the jobs report comes down to a simple premise: bad news is good news, as long as it isn’t too bad. Stocks rallied sharply … Read more

Gold has a chance of a new high as the economy is faltering – the war continues to push prices up.

2023-11-05 16:40:00 Keep an eye on the direction of gold prices. There is a chance of setting a new record of 2,080 dollars/ounce. After the Israel-Hamas war, the price surged to more than $165, while the Fed’s money management continues to create profit-selling pressure. Until there is an expected interest rate cut in May next … Read more

What to expect from the Fed meeting on Wednesday

2023-11-01 13:34:51 US Federal Reserve Chairman Jerome Powell holds a press conference in Washington, DC, on September 20, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve meeting will most likely conclude Wednesday with the central bank not doing a whole lot of anything — just the way the market wants things for … Read more