Fed Harker: Fed should extend pause on rate hikes
Fed's Harker believes that the Fed should extend its interest rate pause. (Wall Street Journal)
Fed's Barkin: Tends to keep interest rates unchanged
On October 17th, the Federal Reserve's Barkin stated that the Fed has time to observe data before making the next interest rate adjustment decision. They are inclined to maintain the interest rate unchanged and stated that they have time to observe whether further rate hikes are needed.
Most economists believe the Fed has completed its last rate hike
According to The Wall Street Journal, the majority of economists under investigation believe that the Federal Reserve has completed its final interest rate hike and will cut interest rates before June next year.
Fed meeting minutes: Most officials believe another rate increase is appropriate
The minutes of the Federal Reserve meeting showed that most Fed officials believed that another interest rate hike was appropriate. The vast majority of participants continued to believe that the future trend of the economy was "highly uncertain". <br>
Fed Vice Chairman Jefferson: Will pay attention to the tightening effect of rising yields, and the Fed can "act cautiously" with a better balance of risks
Federal Reserve Vice Chairman Jefferson stated in a speech that the Fed will pay attention to the tightening effect brought about by the rise in yields, and can "act with caution" in a better risk balance. He confidently stated that our policies are tight enough, but it may be too early to say that. In the past, the rise in long-term yields may have meant that investors believe that economic growth momentum is stronger and a higher and longer-term path of Fed interest rates is needed.
Bitcoin Price Strengthens Amidst Institutional Interest and Market Uncertainty
Bitcoin's price is bouncing back from resistance at $27,200, and investors are watching to see if it settles above $27,000 and continues towards $31,000 or drops to seek liquidity from support at $25,000. The crypto market is also keeping an eye on the Federal Reserve's meeting on Wednesday, as economists expect a pause in interest rate hikes. Nomura, Japan's largest bank, has launched an Adoption Fund for institutional investors, attracting interest from global firms like Blackrock and Fidelity Investments.
US Senate Confirms Philip Jefferson As Fed Vice Chair
According to local time in the United States on Wednesday, Philip Jefferson's nomination as Vice Chairman of the Federal Reserve was confirmed by a vote of 88-10 in the Senate, and the nominees for several other positions in the Fed will also receive votes. Jefferson will be the second African American to serve as Vice Chairman and will also serve as a Governor until 2036. The Vice Chairman's term is four years.
Bitcoin's Uncertain Price Action Leaves Traders and Analysts Undecided About Next Moves
Bitcoin's price remains stagnant, leaving traders and analysts uncertain about its future direction. Despite some bullish predictions, there are also many downside price projections. The upcoming week lacks significant macroeconomic data, with the focus on the Federal Reserve. Bitcoin mining difficulty is expected to decrease by 2.4% in its upcoming automated readjustment on September 5th.
Dollar Steady As U.S. Jobs Data Cools, Fed Seen Near End of Tightening Cycle
The US dollar began the week steady as investors analyzed US jobs data that showed signs of cooling, leading to expectations that the Federal Reserve was nearing the end of its monetary tightening cycle. Although US job growth picked up in August, the unemployment rate rose to 3.8% and wage gains moderated.
Stock Market Has To Collapse Before Bitcoin Comes Back to Life, According to Bloomberg Strategist – Here’s Why
According to Bloomberg Intelligence's senior macro strategist, Mike McGlone, Bitcoin will not experience a resurgence until risk assets such as stocks crash. McGlone notes that Bitcoin typically outperforms when the liquidity pump is on and underperforms when it is off, and currently, the liquidity pump is clearly off.
