Bitcoin and Ether Plunge as Fed Moves To Shrink Balance Sheet by $95B a Month
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Fed officials plan on pulling back economic support at a faster rate than expected Cryptocurrencies fell on the news while stocks traded sideways Federal Reserve officials are planning on reducing…
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The Federal Reserve has banned its senior officials from investing in cryptocurrency. “Officials covered by the new rules will have 12 months from the effective date of the rules to dispose of all... [[ This is a content summary only. Visit my website for full links, other content, and more!…
The new rules extended the ban first announced in October to include bitcoin and cryptocurrencies. Fed employees will no longer be able to invest in a cohort of assets, including bitcoin. The new... [[ This is a content summary only. Visit my website for full links, other content, and more!…
FOMC officials are not ruling out another 75 basis point rate hike in July Equities are affected more by corporate earnings than recession fears, one analyst said Federal Reserve officials agreed in June that interest rates may need to increase at a faster pace to combat inflation, likely in either…