Fed’s Next Rate Move Has Traders Staring at a Coin Toss
The Federal Reserve waited 1,148 days to raise interest rates again, and speculators are already betting it won’t stop at one. Polymarket, Kalshi, and CME futures now lean toward another…
Former Fed Chair Alan Greenspan Dies at 100 After Shaping US Monetary Policy for 18 Years
Alan Greenspan has died at 100 after an 18-year tenure as Federal Reserve chairman. Bitcoin and the broader cryptocurrency sector were among the financial topics he weighed in on after…
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Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’
Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid significantly in value. Over $240 billion was erased from the…
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US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994
The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations,…