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Fed still looks for disinflation despite jobs shock
Following Friday’s jobs report we have started to get the reactions of Federal Reserve officials and today it is the turn of Chair Jerome Powell. Speaking to the Economics Club of Washington he again stated that they “probably need to do further interest rate increases” with the strong jobs number underscoring there is a “significant road ahead” to get inflation back to target. This broadly echoes comments from last week’s press conference where he stated “we've raised rates four and a half percentage points and we're talking about a couple of more rate hikes to get to that level we think is ... (full story)
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From @MaceNewsMacro|Feb 7, 2023tweet at 2:30pm: BOC'S MACKLEM TO REPORTERS: FAR TOO EARLY TO THINK ABOUT CUTTING RATES;WE ARE PAUSING HIKES; QUESTION IS WHETHER WE'VE DONE ENOUGH, NOT WHETHER WE CUT #INTERESTRATES #Canadaecon
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From decrypt.co|Feb 7, 2023As Bitcoin hovered around $38,000 last April—down 45% from its peak—Fidelity Investments announced its customers could soon add the digital asset to their retirement accounts ...
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From bnnbloomberg.ca|Feb 7, 2023MicroStrategy Inc. co-founder and Executive Chairman Michael Saylor said the enterprise-software company, better known as the largest publicly traded holder of Bitcoin, may at ...
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From youtube.com/tedtaiksmacro|Feb 7, 2023The Bitcoin price cycle could have already bottomed in 2023, but how does this cycle line up with global macro-conditions? How will the price of Bitcoin evolve over the coming 12 ...
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From cointelegraph.com|Feb 7, 2023Three financial watchdogs in the United States have issued a warning to investors considering certain individual retirement accounts with exposure to cryptocurrencies. In a Feb. 7 ...
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From ambcrypto.com|Feb 7, 2023Bitcoin [BTC] continued to trade beneath the $23k mark. While it hasn’t retested the $22.3k support zone, it hasn’t broken above $24.2k either. This phase of consolidation has ...
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- Posted: Feb 7, 2023 3:02pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,826
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