China News Official TheBitTimes.com

Following the first pause on interest rate hikes in months, the FED is raising the interest rate by 25 Bps this month. The Federal Reserve has opted to return to raising interest rates to continue its fight against inflation. BREAKING: 🇺🇸 Fed eral Reserve raises Interest Rates by 25bps, a 22-year high. — Watcher.Guru (@WatcherGuru) July 26, 2023 The FED’s last interest rate hike was by 25 bps in May. While the US inflation numbers fell to 3%, a lower-than-expected number, the Fed eral Reserve has made the decision to return to raising rates. The total rate now stands between 5.25% and 5.5%. The new rate is the highest interest rate since 2001. It is also the 11th increase in over a year. Source: Bankrate Also Read: Federal Reserve Launches ‘FedNow’ Instant Payment System The FED first began its aggression in raising Interest Rates in March 2022. Reports suggest that this could possibly be the final ra...

Currency swap lines have been used during times of crisis in the past, such as the 2008 global financial crisis and the 2020 coronavirus pandemic. The United States Federal Reserve has announced a coordinated effort with five other central banks aimed at keeping the U.S. dollar flowing amid a series of banking blowups in the U.S. and in Europe. The March 19 announcement from the U.S. Fed comes only a few hours after Swiss-based bank Credit Suisse was bought out by UBS for nearly $2 billion as part of an emergency plan led by Swiss authorities to preserve the country's financial stability. According to the Federal Reserve Board, a plan to shore up liquidity conditions will be carried out through “swap lines” — an agreement between two central banks to exchange currencies. Swap lines previously served as an emergency-like action for the Federal Reserve in the 2007-2008 global financial crisis and the 2020 response to the COVID-19 pandemic. Federal Reserve-initiated swap lines are de...

Multi-month BTC price highs keep trickling in, but Fed volatility looms as the FOMC coincides with the Bitcoin monthly candle close. Bitcoin (BTC) starts a key week with a familiar cocktail of price spikes mixed with fear that the bear market will return. After sealing its highest weekly close in almost six months, BTC/USD remains over 40% up year-to-date with the monthly close just 48 hours away — can the gains hold? Against all odds, Bitcoin has rallied beyond expectations this month, making January 2023 so far its best in a decade. Throughout, concerns have called for an imminent comedown and even new macro BTC price lows as a state of disbelief swept the market. That grim turnaround has yet to come to fruition, however, and the coming days could thus turn out to be a crucial period when it comes to Bitcoin’s long-term trend. The catalysts are hardly in short supply — the United States Federal Reserve will decide on its next rate hike this week, with Chair Jerome Powell also giving...

Bullish crypto momentum fizzled after Fed Chair Powell poured cold water on investors’ hopes that a positive CPI report would trigger a trend change, but higher time frames remain interesting. Crypto Markets threw a nice head fake this week by rallying into resistance on a “positive” Consumer Price Index (CPI) report, before retracing the majority of those gains right after Federal Reserve Chair Jerome Powell took on a surprisingly hawkish tone during his post-rate-hike presser.  The Fed hiked interest rates by 0.50%, which was well within the expectation of most market participants, but the eyebrow-raiser was the Federal Open Market Committee consensus that rates would need to reach the 5%–5.5%+ range in order to hopefully achieve the Fed’s 2% inflation target. This basically threw cold water on traders’ lusty dreams of a Fed policy pivot taking place in the first half of 2023, and the damper on sentiment was felt throughout crypto and equities markets. As the charts below show, Bit...