Federal Open Market Committee (FOMC)
Coverage of Federal Open Market Committee (FOMC) in the Nexus archive.
- Kevin Warsh's challenges become clear after Fed chair Powell's last hurrah
Kevin Warsh faces significant challenges as the new Federal Reserve chair, including internal opposition to premature rate cuts and lingering influence from his predecessor, Jerome Powell. Four dissenters in the Fed's policy statement highlighted hawkish concerns about inflation, complicating Warsh's ability to push for rate reductions without clear economic justification.
- Bitcoin eyes $75K after 'most hawkish' FOMC as oil hits highest since 2022
Bitcoin's price remained weak despite a 'most hawkish' Federal Reserve meeting and oil prices nearing four-year highs. The US-Iran tensions influenced the Fed's policy stance, while energy markets saw significant gains.
- J-Pow’s Final FOMC is TODAY. BlackRock is vacuuming up the supply. Is the $80k wall finally going to break?
Jerome Powell's final FOMC press conference as Fed Chair occurs on April 29, 2024, coinciding with BlackRock's IBIT ETF absorbing significant Bitcoin supply. Bitcoin hovers between $77,000 and $79,000, failing to break the $80,000 psychological barrier amid macroeconomic calm and anticipation of Fed leadership changes.