Feds

Fed's Waller sees 'significant' rate hike this month, backs data-dependent approach

Fed’s Waller sees ‘significant’ rate hike this month, backs data-dependent approach

Federal Reserve Governor Christopher Waller on Friday echoed recent sentiments from his colleagues, saying he expects a big interest rate increase later this month. He also said policymakers should stop trying to guess the future and instead stick to what the data is saying. “Looking ahead to our next meeting, I support another significant increase …

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Feds claw back $30 million of cryptocurrency stolen by North Korean hackers

Feds claw back $30 million of cryptocurrency stolen by North Korean hackers

Getty Images Cryptocurrency analytics firm Chainalysis said on Thursday that it helped the US government seize $30 million worth of digital coins that North Korean-backed hackers stole earlier this year from the developer of the non-fungible token-based game Axie Infinite. When accounting for the more than 50 percent fall in cryptocurrency prices since the theft …

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Fed's Powell hopeful inflation can be tamed without pain of Volcker era

Fed’s Powell hopeful inflation can be tamed without pain of Volcker era

Federal Reserve Board Chairman Jerome Powell attends a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., July 27, 2022. REUTERS/Elizabeth Frantz Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 8 (Reuters) – The Federal Reserve is “strongly committed” to fighting inflation, but there remains …

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A Florida woman touted as a 'Mother Theresa' ran a $196 million Ponzi scheme, feds say

A Florida woman touted as a ‘Mother Theresa’ ran a $196 million Ponzi scheme, feds say

MJ Capital Funding’s website said that its founder, Johanna Garcia, was “often referred to as ‘Mother Theresa’ in her community.” But federal authorities say Garcia was actually running a Ponzi scheme. The site was shut down by court order; an archived version is seen here. Internet Archive / Screenshot by NPR hide caption toggle caption …

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Fed’s QT: Total Assets Drop by $139 Billion from Peak

Fed’s QT: Total Assets Drop by $139 Billion from Peak

It sticks to plan, QT like clockwork: What the Fed did in details and charts, and my super-geek extra-fun dive into the “To Be Announced” market for MBS. By Wolf Richter for WOLF STREET. The Federal Reserve’s quantitative tightening (QT) completed its three-month phase-in period on August 31. During the phase-in of QT, the plan called for the …

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Shrinking the Fed's balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns

Shrinking the Fed’s balance sheet sheet is not likely to be a benign process, new Jackson Hole study warns

“If the past repeats, the shrinking of the central bank’s balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector’s on-and off-balance sheet demandable liabilities” — Raghuram Rajan, former Governor of the Reserve Bank of India and former Chief Economist at the IMF The Federal …

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Fed’s Powell sparked a 1,000-point rout in the Dow. Here's what investors should do next.

Fed’s Powell sparked a 1,000-point rout in the Dow. Here’s what investors should do next.

Now might be the time to consider hiding out in short-dated Treasurys or corporate bonds and other defensive parts of the stock market. On Friday, Federal Reserve Chairman Jerome Powell talked of a willingness to inflict “some pain” on households and businesses in an unusually blunt Jackson Hole speech that hinted at a 1970s-style inflation …

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A Look At Bitcoin, Ethereum, Dogecoin Into The Weekend After Fed's Powell Craters Markets

A Look At Bitcoin, Ethereum, Dogecoin Into The Weekend After Fed’s Powell Craters Markets

Bitcoin BTC/USD was sliding over 4% lower on Friday after Federal Reserve chair Jerome Powell threw the markets into chaos during his annual speech at the Jackson Hole Symposium. Ethereum ETH/USD was the hardest hit, plummeting over 8%, while Dogecoin DOGE/USD fell slightly more modestly in tandem with Bitcoin, declining about 5%. The bearish reaction …

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Fed's 'raise and hold' inflation gamble in spotlight as Jackson Hole awaits Powell

Fed’s ‘raise and hold’ inflation gamble in spotlight as Jackson Hole awaits Powell

Federal Reserve Board Chair Jerome Powell leaves after a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., July 27, 2022. REUTERS/Elizabeth Frantz Register now for FREE unlimited access to Reuters.com Register JACKSON HOLE, Wyo., Aug 26 (Reuters) – If “raise and hold” sounds like a poker strategy, …

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Stocks Run On Fed Hints Of Slower Hikes; Watch Out For 'Day 2'

Futures: Market Fears This From Fed’s Powell

Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures, with Fed chief Jerome Powell set to give his much-anticipated Jackson Hole policy speech Friday morning. X The stock market rally had a strong session Thursday, with the major indexes rising back above a key short-term level, despite concerns that Fed …

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