In Brief The Federal Reserve signals slower rate cuts to prioritize strict inflation control. The decision rekindles questions about Bitcoin’s effectiveness as an inflation hedge. Experts offer diverse perspectives on Bitcoin’s value proposition and future outlook. Federal Reserve Chair Jerome Powell has indicated that interest rate cuts may be further off than anticipated. He cites…
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The central bank also reaffirmed its intention to cut rates during 2024, driving the odds of a June cut to 70%. The US Federal Reserve announced on March 20 that it would keep interest rates steady at 5.25% to 5.5% — aligning with market expectations and easing concerns of a more aggressive tightening of monetary policy. Additionally,…
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Briefly Custodia’s bank application was rejected by the Federal Reserve. Custodia argued that its model stops the kind of bank run that has plagued the banking sector recently. The bank also asserted that the Fed’s statement demonstrated its general antipathy toward digital assets. The Central bank (Took care of) has come out all firearms bursting…
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In a nutshell, Jerome Powell, chair of the U.S. Federal Reserve, announced that the bank had decided to raise interest rates by an additional 0.25%. As a result of the failure of several banks, according to Powell, there will likely be a pause in rate increases. Following the Fed announcement, the speech by U.S. Treasury…
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