Skip to content

CryptoVert Blockchain App for iOS

Bitcoin, NFTs, News, and more!

Primary Menu
  • Crypto
  • Blockchain
  • NFT’s
  • Videos
  • Download App
  • Home
  • Crypto
  • Fed Holds Policy Steady, Expresses More Caution Than Expected on September Rate Cut
  • Crypto

Fed Holds Policy Steady, Expresses More Caution Than Expected on September Rate Cut

cryptovert August 1, 2024 1 min read

In
the
minutes
following
the
more
hawkish
than
expected
statement,
bond
yields
and
the
dollar
rose
a
bit,
but
both
remained
lower
for
the
day.
The
price
of
bitcoin

(BTC)

edged
lower
to
$66,550,
but
remained
modestly
higher
over
the
past
24
hours.
U.S.
stocks
remained
sharply
higher
for
the
session,
the
Nasdaq
up
2.4%
and
S&P
500
1.6%.

Dealing
with
galloping
inflation
at
the
time,
the
Fed’s
historic
run
of
tighter
policy
began
in
early
2022
taking
the
fed
funds
rate
from
0%
to
5.25%-5.50%
in
the
space
of
less
than
18
months.
The
rate
has
remained
at
that
level
for
more
than
a
year
as
the
central
bank
has
been
cautious
to
ease
while
inflation
stubbornly
remained
well
above
its
2%
target.

Continue Reading

Previous: California DMV Puts 42M Car Titles on the Avalanche Network in Digitization Push
Next: Tether Nets $5B Profits This Year, Says Its US Debt Holdings Surpassed Germany’s

Related Stories

SUI Drops 10% to $3.02, but Is a Turnaround Forming After Buyers Step In Near $3?
2 min read
  • Crypto

SUI Drops 10% to $3.02, but Is a Turnaround Forming After Buyers Step In Near $3?

June 14, 2025
Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback
2 min read
  • Crypto

Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback

June 14, 2025
Solana’s SOL Falls 8% to $147 Despite Standard Chartered’s $275 Year-End Target
2 min read
  • Crypto

Solana’s SOL Falls 8% to $147 Despite Standard Chartered’s $275 Year-End Target

June 14, 2025

You may have missed

Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback
2 min read
  • Crypto

Bitcoin Bounces to $106K After Iran-Israel Jitters, but Analysts Warn of Deeper Pullback

June 14, 2025
SUI Drops 10% to $3.02, but Is a Turnaround Forming After Buyers Step In Near $3?
2 min read
  • Crypto

SUI Drops 10% to $3.02, but Is a Turnaround Forming After Buyers Step In Near $3?

June 14, 2025
Weekly Recap: Milestones Galore for Stablecoins
2 min read
  • Crypto

Weekly Recap: Milestones Galore for Stablecoins

June 14, 2025
Solana’s SOL Falls 8% to $147 Despite Standard Chartered’s $275 Year-End Target
2 min read
  • Crypto

Solana’s SOL Falls 8% to $147 Despite Standard Chartered’s $275 Year-End Target

June 14, 2025
  • Crypto
  • Blockchain
  • NFT’s
  • Videos
  • Download App
Copyright © All rights reserved. | MoreNews by AF themes.