Bitcoin is dealing with the aftermath of the FOMC meeting which maintained the Fed’s stance that rate hikes and tapering are likely at some point during 2022. BTC rallied substantially leading up to the meeting before losing most of its gains after it was confirmed that relentless money printing may end or at least slow […]

The post Bitcoin Reacts to FED Meeting As Rates Likely To Change In March appeared first on Coin Bureau.

The US dollar has posted strong gains against the majors on Thursday, and GBP/USD has fallen 0.64% on the day, trading below the 1.34 line. It has been a dismal week for the pound, which has lost 1.29% in value. Powell powers the US dollar upwards The FOMC didn’t make any changes to policy at […]

After companies accelerated their adoption of cloud infrastructure, remote workers are now insiders and pose significant risks, and costs, to companies.

Lucas Glass, vice-president of IQVIA’s analytics center of excellence talks matching patients to trials with AI and how the tech can improve patient diversity rather than hinder it.

The post IQVIA on AI’s potential to match patients to trials and improve trial diversity appeared first on Medical Device Network.

What started off as a calm week has turned into a rout. The euro is down 0.83% in the North American session and has fallen into 1.11 territory for the first time since June 2020. The currency has taken a nasty spill this week, falling a massive 1.73%. US GDP outperforms The markets are still […]

The Russian President is reportedly in favor of a welcoming regulation for bitcoin miners despite the Bank of Russia’s ban recommendations.

Early Wednesday looked benefitting for the equities, crypto markets, and precious metals that did effectively during the trading session, just a little before the U.S. Central finished their meeting with the Federal Open Market Committee (FOMC). In a press release, the FOMC mentioned of the rise of the benchmark curiosity rate, however, Jerome Powell led by Central Financial Institution mentioned that the FOMC is thinking to ‘raise the federal funds rate at the March meeting.’ The statement of Powell followed by the FOMC meeting with the U.S. Central has observed a hawkish-kind of behavior amongst the buyers alongside the world market dipping in value.  The Clash – While Jerome Powell Wishes the Federal Funds Rates Change in March, FOMC Plans to Speed Up the Process In the press release on Wednesday, the FOMC mentioned that as the inflation rate is about 2 percent followed by a strong labor market, the Committee believes that it can soon raise the federal funds rate target range. As this statement by the FOMC highlights ‘soon,’ it translates that the U.S. Central Bank plans to maintain the baseline interest untouched, at least for now. Furthermore, the press conference attendees were explained by Powell about his opinion and taking into respect the views of most FOMC participants as well, “Inflation risks are still to the upside. There is a risk that the high inflation we are seeing will be prolonged. There’s a risk that it will move even higher. You asked what the risks are, and we have to be in a position with our monetary policy to address all of the plausible outcomes.” To back his opinions, Jerome Powell also said that the benchmark rate may increase in March, and noted that getting the Fed’s balance sheet down will certainly take some amount of time. Powell continued to stress the fact that, “The committee is of a mind to raise the federal funds rate in March assuming that the conditions are appropriate for doing so.”  Situation Following the Fed Statements With the stock markets closing, the following statistics were observed; NYSE dipped 103 factors, the Dow Jones Industrial Average dipped 129 factors. Howbeit, the NASDAQ maintained its position just a few percentages above, and S&P 500 lost only a few percentages. Accompanying the stock market closing, the value of 1 ounce of .999 fine gold slipped down to 1.77% and 1 ounce of .999 fine silver fell to 2.48%.  In consideration of that, the Gold bug and Economist Peter Schiff tweeted, “Powell said that the Fed will begin shrinking its balance sheet at the appropriate time.” He further stated that Powell has no certainty about when the shrinking of the balance sheet will begin and if the FOMC hasn’t discussed this, then what have they done? With the value of gold slipping after Powell’s statements, some users started trolling Schiff.  Even the world cryptocurrency market capitalization was affected greatly, as it dropped greater than 2% to 1.71 trillion. Also, the main crypto-asset bitcoin was a risk-taking task, but this revealed on the Bitstamp that the BTC jumped from $37,400 to #38,946. Just a few hours after Powell’s statement, various high ten crypto properties were lost between 2% to 7% in a few hours. 

The post Followed by Powell’s Statements; Precious Metals, Crypto Markets, and Stocks Waver appeared first on Cryptoknowmics-Crypto News and Media Platform.

USD/CAD has edged higher on Thursday and briefly pushed above the 1.27 line for the first time in three weeks.  The Canadian dollar continues to lose ground and is down 1% this week. Wednesday was a busy day on the central bank watch, with both the Bank of Canada and the Federal Reserve holding meetings. […]

The Air India privatization transaction has been completed today. The Government of India received a consideration of Rs 2,700 crore from Talace Private Limited, a wholly-owned subsidiary of Tata Sons Pvt Ltd. It is retaining the debt of Rs 15,300 […]

Bitcoin “isn’t shouting for bullishness” below $37,500, fresh analysis says, as the Fed’s latest comments deliver little direction.

Cosmos (Atom) price extends the previous session’s losses on Thursday after recording a 13% fall in a single day. The global crypto space was under the mega-selling spree after the big announcement from the US Federal Reserve. US Fed hawkish stance in its forward guidance keeps the riskier assets on their toes. The central bank

The post Is Donwnside Over For Cosmos (Atom) near $33.0 appeared first on CoinGape.

The New Zealand dollar is in negative territory on Thursday, after posting five straight losing sessions. In the Asian session, NZD/USD fell below the 0.66 line for the first time since November 2nd and is down 0.40% on the day. New Zealand CPI hits 5.9% New Zealand consumer inflation surged to 5.9% in Q4, up from […]