US Fed
Coverage of US Fed in the Nexus archive.
- Bitcoin Drops as the Fed Leans Toward Higher Rates
Bitcoin dropped toward $63,000 on June 17 as the U.S. Fed indicated higher interest rates, causing Ether and other major cryptocurrencies to decline 3% to 7%. Despite the downturn, long-term holders continued purchasing.
- Gold and Silver Tumble as the Fed Signals Higher Rates Ahead
Gold and silver prices dropped sharply on June 17 after the U.S. Fed signaled higher interest rates, pushing the dollar to a near-year high. Gold fell 1.65% to $4,260, while silver declined 3.08% to $67.89.
- Chile’s Stock Market Slips as the Fed Lifts the Dollar and Leans on Copper
Chile's IPSA fell 0.84% to 10,811.51 on June 17 as the U.S. Fed's higher-rate signal caused the dollar to surge, pressuring copper and the peso. The stock market decline was linked to the Fed's rate hike expectations affecting key commodities and currency.
- Odds against rate cuts high as new US Fed chair set for swearing in
The confirmation of Kevin Warsh as Federal Reserve chair has raised concerns about the central bank's independence in setting interest rates. Many experts have voiced their concerns, citing uncertainty as a major issue. The swearing-in of the new US Fed chair is expected to have significant implications.
- Jerome Powell: Steering the US Fed through COVID-19 and political pressures
Jerome Powell led the US Fed through COVID-19 and political pressures, including Trump's push for interest rate cuts. This period shaped Powell's legacy during his leadership. The tumultuous time had a significant impact on the Fed's decisions.
- Whale shorts $70M in crypto and tech: Should Bitcoin traders worry?
A Hyperliquid whale has made short-term bearish bets of $70M in crypto and tech, but a growing US Fed balance sheet and rising inflation may support Bitcoin in the long term. The whale's actions may not significantly impact Bitcoin traders. The overall market trends will likely influence Bitcoin's performance.