Bitcoin price falls to $57,000 as investors brace for Fed decision
Bitcoin price falls to $57,300, lowest since Feb, as demand decreases among long-term holders and whales, ahead of Fed announcement on interest rates. [ more ]
Beating inflation: How do Europe and the US compare? DW 05/02/2024
Inflation rates rising globally are reducing expectations for multiple interest rate cuts by central banks like the US Federal Reserve and the European Central Bank. [ more ]
U.S. Federal Reserve leaves key interest rate unchanged, expects 3 rate cuts in 2024 | CBC News
The U.S. Federal Reserve has kept its key interest rate unchanged for the third consecutive time, signaling anticipated rate cuts in 2024.
The Fed acknowledges progress in fighting inflation but says it is considering whether any additional rate hikes are necessary.
The high benchmark rate of 5.4% has led to increased costs for mortgages, auto loans, and other forms of credit, impacting home sales and consumer spending. [ more ]