Reserve

Bitcoin Whales Withdraw Massive BTC Reserve From Exchanges, Causing Bitcoin Price Crash – What Happens Next?

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The city of Miami, Florida witnessed a significant movement of Bitcoin (BTC) whales in the past week. As the price of Bitcoin surged above $73,000, these whales made hefty withdrawals from exchanges, totaling over 21,000 BTC. Crypto analyst Ali Martinez highlighted this activity, noting the withdrawal of 21,401 BTC to cash in on the profits from the BTC price rally. Thursday, March 14th, marked a substantial day for Bitcoin whales as $752 million worth of …

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Recession Risks Looming: Jamie Dimon Urges Federal Reserve to Hold Off on Interest Rate Cuts

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SYDNEY, Australia – Jamie Dimon expressed caution regarding the possibility of a recession in the United States, suggesting that the Federal Reserve should hold off on cutting interest rates. The CEO of JPMorgan Chase & Co. shared his insights during the Australian Financial Review Business Summit in Sydney. Dimon highlighted that while the world is currently anticipating a soft economic landing, he believes the chances of this scenario playing out in the next year or …

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Inflation in the US Slowly Easing as Retail Sales Rebound – Why the Federal Reserve Isn’t Cutting Rates Just Yet

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New York, NY – Inflation in the United States showed signs of easing slowly last month, coupled with a rebound in retail sales. These developments highlight the Federal Reserve’s cautious approach towards lowering interest rates. The core consumer price index, which excludes volatile food and fuel prices to provide a more accurate picture of inflation, is projected to have increased by 0.3% in February. This follows a 0.4% rise at the beginning of the year. …

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Gold Skyrockets to Record High Amid Federal Reserve Uncertainty and Geopolitical Tensions

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New York, USA – Gold prices soared to record highs fueled by speculation surrounding a potential change in policy from the Federal Reserve and escalating geopolitical tensions, prompting a surge in demand for the precious metal. Investors rushed to gold as a safe-haven asset, driving bullion prices up by as much as 1.3% to $2,141.79 per ounce. This surge surpassed the previous record of $2,135.39 set in December of last year. The rally in gold …

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Market Rally: Will Federal Reserve Chair Powell’s Comments and Job Report Impact Stocks? Find Out Here!

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Boston, MA – As the market continues its rally, investors are looking to Federal Reserve Chair Jerome Powell and the upcoming jobs report for signs of the economy’s strength. With recent volatility in the stock market, many are questioning whether the current surge can be sustained. Powell’s testimony on Capitol Hill and the release of the latest jobs report are expected to provide crucial insights into the health of the economy. Investors will be closely …

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Interest rates update: Federal Reserve Chair Jerome Powell to maintain patient stance on rate cuts amid persistent inflation pressures

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Washington, D.C. – Federal Reserve Chairman Jerome Powell is set to emphasize the importance of maintaining current interest rates during his upcoming testimony to Congress this week. This comes after recent inflation data revealed ongoing price pressures, prompting Powell and his colleagues to adopt a cautious approach towards potential rate cuts. Powell is scheduled to address a House committee on Wednesday and a Senate panel on Thursday, where he is expected to reiterate the central …

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Federal Reserve Fed Updates 2024: Economists React as Hotter-than-Expected Data Reiterates Conservative Policy Approach

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MINNEAPOLIS, MN – Speaking at the University of St. Thomas, Federal Reserve Bank President Neel Kashkari discussed the recent uptick in economic data and its implications for monetary policy. Acknowledging the strong economic growth in the second half of 2023, Kashkari emphasized the need for patience in evaluating the sustainability of this growth and its impact on inflation. Highlighting the unexpected increase in GDP growth, job creation, and consumer price index (CPI) inflation, Kashkari stressed …

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“Fiscal Path Unsustainable” – Federal Reserve Chair Jerome Powell Raises Concerns in “60 Minutes” Interview with Scott Pelley

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WASHINGTON, DC – In a recent interview on “60 Minutes,” Federal Reserve Chair Jerome Powell expressed concerns about the U.S. national debt, describing it as “unsustainable” and warning that it is growing faster than the economy. The national debt exceeded $34 trillion for the first time in January, just months after surpassing the $33 trillion mark, according to data from the U.S. Treasury. As Congress grapples with funding the government amidst tensions about the growing …

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Strong Economy Sends Clear Signal to Federal Reserve: Borrowing Rates to Stay Elevated for Now

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WASHINGTON, D.C. – The latest jobs report has shown a surge in job creation, with 353,000 jobs added in January, surpassing the expected 185,000. This substantial increase reinforces the strength of the U.S. economy, signaling positive growth and stability. This robust job market has also solidified the Federal Reserve’s stance on maintaining current interest rates, with no immediate plans to implement rate cuts. Federal Reserve Chair, Jerome Powell, emphasized that the current inflation rate of …

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