| Time | Details |
|---|---|
| 2024-07-31 18:03 |
FOMC Holds Rates Steady, Awaiting Powell's Speech
According to CryptoMichNL, the Federal Open Market Committee (FOMC) has decided to maintain the current interest rates, with no changes to the September rate cut policy as outlined in their documents. Future market movements will largely depend on the upcoming speech by Federal Reserve Chairman Jerome Powell and his forward-looking statements. (Source) |
| 2024-09-03 01:53 |
Bitfinex Lending Market Offers High Annualized Rates; BTC Long Positions Increase
According to Greeks.live, since September 2, the Bitfinex lending market has been providing opportunities with annualized interest rates exceeding 20% over the past 10 hours. Additionally, BTC long positions have increased by a net 3,000 since August 28th, indicating a bullish sentiment among traders. (Source) |
| 2024-09-04 19:35 |
Unemployment Report Sparks Altcoin Rally Amid Weak Job Openings and Dropping Interest Rates
According to CryptoMichNL, the latest job openings report revealed a figure of 7.67 million, falling short of the expected 8.10 million and marking the worst report since April 2021. This has led to a substantial drop in interest rates and a weakened $DXY index. Consequently, altcoins are experiencing a bounce. (Source) |
| 2024-09-05 13:19 |
Economic Weakness Signals Potential FED Rate Cut
According to @CryptoMichNL, job openings and ADP data are at their worst levels in over three years, indicating substantial economic weakening. This has led to a rally in gold prices. Michaël van de Poppe suggests that the Federal Reserve may need to cut interest rates by 50 basis points to manage the ongoing economic challenges. (Source) |