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Bostic, Barr: Morning Keynote, May 20
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- From cityam.com|May 20, 2024
Bitcoin, the world’s first decentralised cryptocurrency, has made headlines for its dramatic price swings and potential to revolutionise the financial world. However, not many are ...
- From financefeeds.com|May 20, 2024
Before discussing the features of spot Ethereum ETFs, it is essential to emphasise that they have yet to be approved for trading in the U.S.—but futures Ethereum ETFs have been ...
- From dailyforex.com|May 20, 2024
Bitcoin price stalled during the weekend after staging a strong recovery late last week. The BTC/USD pair was trading at 66,700 on Monday, higher than last week’s low of 60,000. ...
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- From cityam.com|May 20, 2024
Craig Wright, the controversial crypto entrepreneur, lost an attempt to prove he was the inventor of bitcoin in the High Court when Mr Justice Mellor made his ruling at the end of ...
- From federalreserve.gov|May 20, 2024|1 comment
Thank you, Mark, for the kind introduction, and good morning to all of you.1 I am happy to be here. Today, I will do three things. First, I'll share with you my current outlook for the US economy. Second, I'll discuss my thinking on the current stance of monetary policy. Third, I'll review the dynamics of housing prices which can feed into the persistence of inflation. My focus on housing price dynamic stems from the role housing plays in the American economy. For most families, a home is their largest-ever purchase and their most valuable asset. Capital markets professionals in real estate finance, like you, are crucial to the smooth operation of the housing sector. Families making housing decisions rely on a healthy and productive housing finance sector. The housing sector is also one of the most interest rate–sensitive sectors of the economy. As such, it's an important channel of monetary policy transmission. Understanding the various channels of monetary transmission is crucial to fulfillment of the dual mandate given to the Federal Reserve by the Congress: maximum employment and stable prices. This mandate guides my thinking about monetary policymaking. With that, I'll turn to my outlook for the US economy. Aggregate Economic Activity The U.S. economy continues to grow at a solid pace. Adjusted for inflation, GDP was reported to have increased at a 1.6 percent annual rate in the first quarter of 2024. That was a moderation from a 3.4 percent expansion in the fourth quarter of last year. However, private domestic final purchases—which excludes inventory investment, government spending, and net exports and usually sends a clearer signal on underlying demand—grew 3.1 percent in the first quarter. That was about as strong as the second half of 2023. post: Fed's Jefferson: Policy Rate is in Restrictive Territory Jefferson: April’s Better Inflation Reading is Encouraging Jefferson: Long-Term Inflation Expectations Show Americans Believe Fed Will Make Good on 2% Inflation Goal
- From tickmill.com|May 20, 2024
Bitcoin prices are starting the week in the green with BTC futures lightly bid through early European trading on Monday. The market broke out to fresh highs for the month last ...
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- Posted: May 20, 2024 9:02am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,359