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US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994

The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations,…

Continue ReadingUS Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994

Bitcoin price climbs to $22.5K after Fed 75 basis point hike aims to cap runaway inflation

BTC and altcoins generated nominal gains after the Federal Reserve raised the benchmark interest rate by 0.75%, the largest hike in 28 years.

Continue ReadingBitcoin price climbs to $22.5K after Fed 75 basis point hike aims to cap runaway inflation

JPMorgan Economist Expects the Fed to Hike Benchmark Rate by 75 bps as Global Markets Bleed

The U.S. Federal Reserve is expected to raise the federal funds rate during its next meeting on Wednesday and JPMorgan economist Michael Feroli believes that rising inflation will push the…

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US Inflation Spiked 8.6%, Highest in 40-Years — Economist Says We’re Not ‘Seeing Any Signs That We’re in the Clear’

After April’s consumer price index (CPI) report was published, a number of American economists and bureaucrats said that inflation had peaked and it was possible that inflation would subside. However,…

Continue ReadingUS Inflation Spiked 8.6%, Highest in 40-Years — Economist Says We’re Not ‘Seeing Any Signs That We’re in the Clear’

Axie Infinity: AXS price risks deeper losses despite 90% drawdown already

Interestingly, an AXS technical setup also predicts a 2,500% price rally despite the token facing major headwinds ahead.

Continue ReadingAxie Infinity: AXS price risks deeper losses despite 90% drawdown already