federal open market reserve Archives

Tether Denies Investigation Rumors Amid Bitcoin Surge

Cryptocurrency, News & Trends / Maryann Ani

A U.S. investigation into Tether, the issuer of stablecoin USDT, has been denied publicly.According to the Wall Street Journal, federal prosecutors in Manhattan are investigating possible anti-money laundering (AML) violations involving Tether.In the report, unnamed sources suggested USDT might have been used for illicit purposes.The company has categorically denied these allegations, emphasizing its commitment to

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an image of a laptop with a crypto market watch with a calculator on a phone, crypto market watch

CPI Report Hints at Favorable Conditions for Bitcoin and Crypto Investors

News & Trends / Maryann Ani

The most recent Consumer Price Index (CPI) data, dated October 10, 2024, reveals that consumer prices in the United States increased by 2.4% in September, slightly exceeding market estimates of 2.3%. While this is a slight improvement above August’s 2.5%, it maintains a cooling trend that has persisted since inflation peaked at 9.1% in June

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Crypto Market Updates For September 2024

Cryptocurrency, News & Trends / Maryann Ani

What happened to crypto in september? Last week, after the Federal reserve committee made a significant rate cut, Bitcoin rose to around $63,000, climbing from weeks of hovering near $60,000. While this decision has cleared some uncertainty about monetary policy, upcoming U.S. elections are expected to keep markets unpredictable until November. In other Bitcoin news,

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A chart displaying a significant drop in cryptocurrency prices, with red downward arrows indicating market volatility.

Federal Reserve Committee Drops Interest Rates During September FOMC Meeting

News & Trends / Maryann Ani

On Wednesday, September 18th, 2024, the Federal Reserve dropped interest rates for the first time since the COVID-19 epidemic, lowering benchmark rates by half a percentage point to offset a probable labor market slowdown. Amid slowing job growth and inflation, the Federal Open Market Committee voted to drop its main overnight borrowing rate by 50

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What are we expecting from the FOMC meeting in September ?and Last weeks CPI report

Cryptocurrency, News & Trends / Maryann Ani

The Consumer Price Index (CPI) report from last week caused a shift in the financial markets and served as another reminder of just how intertwined the economy is. However, what impact does news about inflation have on the cryptocurrency market and the US dollar’s value? Because it affects market mood and monetary policy, inflation news

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