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Economists at Deutsche Bank foresee 175 basis points in rate cuts in 2024. According to economists at Deutsche Bank, already in the first half of 2024, the Fed (Federal Reserve) is likely to cut rates quite aggressively. The new report suggests that we will see 175 basis points in rate cuts
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Following a fast 20% rally beginning in mid-June mostly thanks to excitement surrounding BlackRock’s filing for a spot Bitcoin ETF, the price of BTC has stalled during July – at least in part due to the realization that the Fed would indeed begin lifting interest rates again. After trading as
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"In the current complex market environment, institutions demand reliability, predictable returns and genuine innovation when choosing a trading venue,” said Lennix Lai, global chief commercial officer at OKX. “This is especially true in basis trading, where precision and flawless execution are paramount,” he added. Original Source
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On Thursday, the ECB increased interest rates for the seventh consecutive time, with the latest figure aligning with analysts’ predictions. The European Central Bank (ECB) has hiked interest rates for a seventh consecutive time as its war against inflation wages on. Today, the eurozone central bank hiked rates by 25 basis
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Amid the banking crisis emerging in the market, the US economic environment looks extremely fragile. On Wednesday, May 3, the US Federal Reserve (Fed) announced its 25 basis point rate hike, the 10th consecutive one in just over a year’s time. Although the announcement was in line with the Street expectation,
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The Fed, however, is fighting a two-front war, with its rate hikes possibly having helped expose balance sheet issues at a number of U.S. banks. This past weekend saw the latest in a series of lender failures, with the nation's 12th-largest bank by assets, First Republic (FRC), requiring a joint
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According to the Swiss National Bank, additional interest rate hikes should not be ruled out in the mid to long term. The apex bank of Switzerland, the Swiss National Bank (SNB) has announced its latest interest rate hike by 50 basis points or 0.5%. According to the press release published by
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As recently as two weeks ago, interest rate traders were evenly split on whether the Fed would raise rates by 25 or 50 basis points. Struggles within the banking system since – including the failure of a number of lenders – had traders today roughly evenly split on whether the
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Crypto markets cheered the Fed announcement surging by more than 4% and crossing above the $1 trillion valuations once again. On Wednesday, February 1, the Federal Reserve finally announced a 25 basis points rate hike taking the interest rates to 4.75%, the highest in nearly 15 years. The
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Bitcoin is moving higher as Powell speaks, with traders taking note of the Fed chair saying, "[the] disinflationary process has started." Powell also seemed to suggest an end to the rate hike regime was among the topics discussed at today's meeting. Alongside bitcoin – now up to $23,450 – stocks
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