Disappointing flows into bitcoin ETFs over the past days partly resulted from investors trimming risks ahead of Wednesday’s FOMC meeting, one market observer said.
The Need for Clarity in Washington – Not Just on Crypto
The recent ambiguous messaging from the Federal Open Market Committee’s meeting, which left markets struggling to interpret signals from the FOMC statement and Chair Jerome Powell’s comments, is typical of the abstruse signals that can be found in central bank policy-setting. But new tools, such as blockchain’s cryptographic verification systems, could guide policymakers’ decisions.
Fed Chair Powell: ‘We’d Welcome Higher Inflation’
The central bank doesn’t want to pull back asset purchases just yet, Powell said Wednesday.
Federal Reserve Holds Rates, Asset Purchases Steady as Economic Activity Moderates
The central bank noted that economic activity and employment had moderated while the path of the economy will be determined by vaccinations
Why Are Traditional Investors So Hungry for Yield Curve Control?
When FOMC minutes suggested the Federal Reserve might not employ yield curve control, the markets reacted angrily.
Federal Reserve Keeps Rates Close to Zero, Continues Buying Treasuries
The Federal Reserve said Wednesday that it would hold benchmark U.S. interest rates close to zero and continue buying Treasury bonds to support the coronavirus-devastated economy.
Bitcoin Stuck Below $10K as Stocks Drop
With the Fed dashing hopes of a V-shaped recovery, it’s uncertain whether bitcoin will become a store of value or begin to track stocks.
QE4 Begins: Fed Cuts Rates, Buys $700B in Bonds; Bitcoin Rallies 7.7%
Effectively, this is “QE4,” the fourth major round of quantitative easing by the American central bank since the global financial crisis a little more than a decade ago.