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The Bank of England has halted its 14 consecutive interest rate hikes, keeping rates at 5.25% due to moderating inflation. Despite this, the economy remains precarious. The Bank of England has decided to end a streak of 14 consecutive interest rate hikes, keeping them at 5.25%, following data showing a moderation
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The Fed will announce its rate decision on Wednesday at 14:00 ET. The way bitcoin options are priced suggests the cryptocurrency may not move more than 3% by Friday. Source
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The Fed on Wednesday is widely expected to hold rates steady, but investors will monitor new economic projections and Chairman Powell's press conference for clues about the direction of future policy. Source
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On this week’s episode of The Market Report, analyst Marcel Pechman discusses Bitcoin’s (BTC) strength ahead of the United States Federal Reserve’s Federal Open Market Committee (FOMC) meeting, with investors betting on an interest rate freeze.Pechman expresses skepticism about the claim that recent inflation data indicated the Federal Reserve’s 2% target
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"No one really expects a change in the policy rate or balance sheet guidance at this meeting," Scotiabank said in a preview note to clients on Friday. "Instead, it will focus upon tweaks to forward guidance on the policy rate, updated macroeconomic projections and guidance that [Fed Chair Jerome] Powell
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Shiba Inu (SHIB), the meme coin launched by anonymous founder Ryoshi, is making waves again as its burn rate soars by 350% within just 24 hours. SHIB burn rate surges Shiba Inu’s burn rate, a mechanism designed to reduce the amount of SHIB tokens in circulation, has experienced an extraordinary surge. Data
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High energy prices can have a cascading effect on other sectors of the economy, contributing to the overall rise in consumer prices. The European Central Bank (ECB) has announced its 10th consecutive hike in its main interest rate. This decision has catapulted the Central Bank’s main deposit facility rate from -0.5%
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Should it come to pass, tomorrow's decline in core CPI will be welcome to policymakers, but even a 4.3% inflation rate is more than double the Fed's 2% target. And central bankers will have a hard time claiming victory over inflation when consumers are watching prices at the pump advance
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Coinbase has reportedly increased interest rates on USDC holdings to 5%, marking a notable improvement from the 4% rate introduced earlier in the year. The San Francisco-based crypto exchange hiked the interest offered to holders of its USD Coin (USDC) to 5%, only months after effecting another increase that doubled the
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With ETF hopes shelved for what could me many more months, bitcoin bulls might be looking to a softening in the economy and thus lower interest rates as a possible catalyst. While this morning's report provided some interest in the form of a rising unemployment rate and a downward revision
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