#federal reserve

A sudden market downturn saw Bitcoin slipping under the $100,000 threshold on December 18-19. This followed the Federal Reserve’s 25 basis point rate cut announcement and comments from Fed Chair Jerome Powell during a press briefing.

On October 10, the U.S. Bureau of Labor Statistics released the inflation data for September, with the year-over-year Consumer Price Index (CPI) dropping from 2.5% to 2.4%, moving closer to the Federal Reserve’s target of 2%.

On September 18, the U.S. Federal Reserve announced a 50 bps reduction in its benchmark interest rate, bringing it down to 5%.

The US Federal Reserve has concluded its annual stress test, evaluating 31 banks to ensure they can withstand minimum capital requirements in the event of a hypothetical recession.

Senator Mike Lee has proposed a bill called the "Abolish Act," which seeks to dismantle the Federal Reserve System as a government entity. This legislation also aims to repeal the foundational Federal Reserve Act of 1913, which established the Fed.

• Growth in economic activity has slowed down. • Job gains have decelerated, yet unemployment rates remain low. • The U.S. banking system is sound and resilient. • Stricter financial and credit conditions for households and businesses may influence economic activity, hiring, and inflation. • The target inflation rate of 2% remains a constant goal.

With the increasing yield of long-term treasury bonds, Jerome Powell of the US Federal Reserve has suggested a potential pause in boosting the interest rate.

Following a market slump triggered by Federal Reserve Chair Jerome Powell’s hawkish remarks, Ark Invest has sold shares of Coinbase.

Anticipated rate cuts from the U.S. Federal Reserve are met with the growing challenge of inflation, leaving uncertainty about the regulator’s next monetary policy moves. This is shaping market trends, particularly in crypto.

Powell’s Speech - Today, on September 30, Federal Reserve Chair Jerome Powell will be delivering his latest briefing.

The chance that the U.S. Federal Reserve will cut interest rates by 50 basis points in September surged to 47%, according to CME Group data at the time of publication.

Silvergate, a banking partner of the bankrupt entities FTX and Alameda, will pay fines totaling $63 million to the Federal Reserve and the California Department of Financial Protection and Innovation (DFPI). Of this sum, $43 million will be paid to the Fed and $20 million to the DFPI. Additionally, the SEC seeks to impose another $50 million in penalties on the company.

The hacker group LockBit, which recently claimed to have breached the U.S. Federal Reserve and stolen over 30 TB of secret documents, only managed to release confidential data from Evolve Bank & Trust. This included information about file domains, virtual machines, and more.

The United States House Committee on Financial Services has approved a bill prohibiting the Federal Reserve from developing a central bank digital currency (CBDC) in the United States.

U.S. Republican Senators are drafting a bill aimed at preventing the Federal Reserve from autonomously deciding on the introduction of a Central Bank Digital Currency (CBDC).

The US Federal Reserve intends to sue popular cryptocurrency magazine Bitcoin Magazine for selling merchandise parodying the recently launched FedNow payment system.

While delivering his speech at New York's Economic Club, Jerome Powell, the chairman of the US Federal Reserve, was interrupted and escorted out due to protesting climate activists. Their slogan of choice? "Off fossil finance Jay."