The fact that three members opposed the Fed’s decision to keep interest rates unchanged strengthened expectations that a more independent and divergent policy period may begin within the Federal Open Market Committee (FOMC). Market experts noted that despite a limited decline in bond yields and a weakening of the dollar following the decision, the possibility
Stablecoin Issuers Lose $7.7 Billion in June as Transaction Volume Jumps 63% Stablecoin supply is shrinking for the first time in years, but the decline may say less about demand than it appears. The market’s total capitalization has fallen about 4.3% from its May peak of $322.41 billion to $308.5 billion. June alone brought a
Anchorage Digital, a federally chartered crypto bank, has publicly stated that the U.S. Federal Reserve’s recent proposal for a limited-purpose payment account is not a practical alternative to a traditional master account. The bank argues that the proposed framework, while intended to broaden access to the payment system, would place many financial institutions, including crypto
Credit default swap (CDS) demand is surging throughout the AI industry. Five years of default protection on $10 million of Nvidia debt now costs about $82,000 a year — double since the start of July when it cost roughly $40,000. CDS spreads are deteriorating rapidly across mega-cap AI stocks including Alphabet, Amazon, Meta, Broadcom, and
Following the Federal Reserve’s decision to keep interest rates unchanged, Chairman Kevin Warsh is speaking live on air and answering questions from the press. Below you will find the most important details from Warsh’s statements: The discussion took place in a friendly atmosphere. The economy has shown impressive resilience. The committee refrains from making predictions.
The Fed, as expected, kept its policy interest rate unchanged at 3.50-3.75 percent. Thus, the Fed did not change interest rates for the fifth consecutive meeting. The Federal Open Market Committee (FOMC) decision was made with a 9-3 vote. Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan
The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, extending its pause for a sixth consecutive meeting as policymakers continue to grapple with stubborn inflation. The decision came after one of the most uncertain pre-meeting setups in years. Futures markets had assigned roughly a 65% probability to a hold
The Federal Reserve kept its policy interest rate unchanged at 3.50–3.75 percent at its July monetary policy meeting. The decision was made with a 9-3 vote, with three Fed officials voting for an interest rate increase, indicating a strengthening demand for tighter monetary policy within the bank. Beth Hammack, Neel Kashkari, and Lorie Logan, who