Category: Economy

Bank of England’s Negative Interest Rate Policy – Time for Crypto & Stablecoins

Bank of England’s Negative Interest Rate Policy – Time for Crypto & Stablecoins

The COVID-19 pandemic has dealt a severe blow to the UK economy and increasing COVID-19 numbers coupled with the financial strain the regional power is experiencing from Brexit has led the UK’s central bank to move towards a negative interest rate policy. Negative interest rates hardly bode well for bank customers with a savings account […]

Continue Reading

Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top

Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top

According to a number of reports and commentary from financial analysts, the world is “drowning in U.S. dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps. Moreover, recent technical analysis shows the dollar’s trade-weighted index chart indicates the USD might be in for […]

Continue Reading

Can the Fed’s Prolonged Low-Interest Rates Lead Bitcoin to the Upside?

Can the Fed’s Prolonged Low-Interest Rates Lead Bitcoin to the Upside?

The Federal Reserve or Fed has announced an “average inflation targeting” plan to drive the annual inflation rate above the standard 2% mark, which will keep interest rates close to zero. The Fed’s new approach to inflation policies signal that interest rates will be kept near-zero in order to achieve the target. Ultimately, these drastic […]

Continue Reading

Federal Reserve Chairman Jerome Powell on New Inflation-Focused Policy; Bitcoin Drops 1.5% Overnight

Federal Reserve Chairman Jerome Powell on New Inflation-Focused Policy; Bitcoin Drops 1.5% Overnight

At the much anticipated Jackson Hole Economic Symposium conference on August 27 held in the state of Wyoming, Federal Reserve Chairman Jerome Powell officially announced the changes in US monetary policy going forward where the Fed will focus on increasing inflation as its main approach to the recovery of the US economy. The Fed’s “average […]

Continue Reading

Return of the Bear? Crypto Market Plunges After Fed’s Shift in Monetary Policies

Return of the Bear? Crypto Market Plunges After Fed’s Shift in Monetary Policies

The so-called safe-haven assets such as gold and Bitcoin were under heavy selling pressure last night as the US Federal Reserve (Fed) announced new shifts in policies. Fed Chair Jerome Powell’s approval of a higher inflation goal and prolonged low-interest rates are two main approaches the Fed is taking in an attempt to stimulate the […]

Continue Reading