Economics

The Federal Reserve building in Washington, D.C. (Jesse Hamilton/CoinDesk)
Fed Hikes Rates to Highest Since 2007; Bitcoin Slides Toward $19K
This is the third consecutive time that members of the Federal Open Market Committee raised rates by 75 basis points, signaling how serious inflationary pressures have gotten...
The Federal Reserve building in Washington, D.C. (Jesse Hamilton/CoinDesk)

Traders on the Chicago Mercantile Exchange started pricing in a 32% chance of a 100 basis point rate hike by the Federal Rate in September. (CME)
A Full Percentage Point Rate Hike? Bitcoin Traders Size Up Fed’s Desperation on Inflation
Chances of a 100 basis point rate hike rose fast following Tuesday's CPI report.
Traders on the Chicago Mercantile Exchange started pricing in a 32% chance of a 100 basis point rate hike by the Federal Rate in September. (CME)

(Getty Images)
US CPI Report Shows Inflation Hotter Than Expected, Bitcoin Plunges 9.6%
Core inflation, which is more closely watched by traders, rose 0.6 percent in August, a larger increase than in July.
(Getty Images)

(Getty Images)
US Inflation Data Could Test Bitcoin’s Rally
The price of BTC gained 15% over the weekend as traders wait for positive U.S. inflation data.
(Getty Images)

Federal Reserve Chair Jerome Powell during his speech September 8, 2022 (Cato Institute)
Federal Reserve to Act 'Forthrightly, Strongly' Until Inflation 'Job Is Done,' Powell Says
The U.S. central bank is expected to raise its benchmark interest rate by another 75 basis points this month.
Federal Reserve Chair Jerome Powell during his speech September 8, 2022 (Cato Institute)

CoinDesk placeholder image
Hawkish Fed Chatter Has Wall Street Betting on Big Rate Hike, Crypto Traders Shorting Bitcoin
Some of the central bank's officials want to see "several months" of low inflation to gain confidence that price pressure is easing.
CoinDesk placeholder image

Jerome Powell, chairman of the U.S. Federal Reserve (Federal Reserve via Wikimedia Commons)
The Fed Wants You to Lose Money in Stocks and Probably Crypto, Too
Monetary policy works through financial conditions, including equities and consequently crypto, which has been highly correlated with the equity market.
Jerome Powell, chairman of the U.S. Federal Reserve (Federal Reserve via Wikimedia Commons)

(Getty Images)
More Volatility Ahead for Bitcoin as Federal Reserve Keeps Quiet
BTC traders will have to be data dependent, just like the central bank.
(Getty Images)

Fed Chair Jerome Powell giving the update from 2021's virtual Jackson Hole meeting. (C-Span)
Wounded Crypto Traders Desperate for Clues From Fed’s Big Meeting This Week
The central bank’s annual Jackson Hole, Wyoming, conference could provide hints on where interest rates are headed – and thus where crypto prices will go.
Fed Chair Jerome Powell giving the update from 2021's virtual Jackson Hole meeting. (C-Span)

(sorbetto/Getty Images, modified by CoinDesk)
Why Economic Wars Are Inflationary
Why our understanding of inflation might be fundamentally mistaken.
(sorbetto/Getty Images, modified by CoinDesk)