New law allows crypto companies to provide stablecoin rewards while protecting bank interest rates
New Agreement Bans Stablecoin Yields A recent agreement has put a stop to stablecoin yields as part of an updated approach to the controversial Cryptocurrency Market Structure Bill. This mirrors discussions that have been ongoing since early this year. The proposed Digital Asset Market Transparency Act, revealed on Friday, outlines that stablecoin issuers cannot offer […]
Mortgage rates increase to 6.3%
On “Morning with Maria,” Jenna Stauffer, a broker from Sotheby’s International Realty, discussed the rising demand for housing, even with high interest rates in play. She also touched on what the Federal Reserve’s upcoming actions might indicate and how a new tax in New York City could impact the luxury market. Freddie Mac announced on […]
EUR/USD falls to near 1.1650 as Eurozone inflation and ECB interest rates approach
The euro (EUR) has declined against the US dollar (USD) for the third consecutive day as of Thursday, trading at 1.1663 and moving down from a weekly peak of 1.1755. A shift towards a more hawkish stance from the US Federal Reserve, combined with ongoing tensions in the Middle East, is propelling demand for the […]
Japanese Yen remains steady as Fed maintains rates, Japan cautions against speculative actions
In early European trading on Thursday, USD/JPY held steady around 160.45, reaching a high not seen in nearly 21 months. Traders seem to be adopting a wait-and-see method as Japanese officials are hesitant to intervene after the Japanese yen (JPY) surpassed a significant psychological level. During the Federal Reserve’s policy meeting on Wednesday, it was […]
EUR/USD drops below 1.1700 as the Fed maintains steady rates
The EUR/USD exchange rate dipped to around 1.1680 during early trading in Europe on Thursday. This shift came as the US dollar gained strength against the euro following the US Federal Reserve’s decision to keep interest rates steady. Attention is now shifting towards the European Central Bank’s (ECB) upcoming rate decision scheduled for later today. […]
Powell announces he will remain as governor following the Fed’s decision to maintain interest rates.
Powell to Stay at Federal Reserve Despite Investigation Jerome Powell, the Chairman of the Federal Reserve, announced that he will continue his role at the central bank after officials voted 11-1 to maintain interest rates. This decision comes as he faces scrutiny from some allies of President Donald Trump, who have pushed for criminal charges […]
Central Bank Keeps Interest Rates Steady, Indicating Robust Economic Growth
The US Federal Reserve Keeps Interest Rates Steady The US Federal Reserve decided on Wednesday to maintain interest rates, showing a split in opinions among its members. The Fed noted in a statement that “recent indicators suggest that economic activity is expanding at a steady pace. Job growth has remained low on average, and the […]
Fed maintains interest rates as Powell’s term nears its end: April FOMC
Federal Reserve Keeps Interest Rates Steady Jerome Powell is set to hold what could be his final press conference as the chair of the Federal Reserve next month. On Wednesday, the central bank decided to maintain its interest rates amid growing concerns that inflation could escalate due to ongoing conflicts in the Middle East. The […]
EUR/USD stays close to 1.1670 as the Fed maintains current interest rates
The EUR/USD pair is currently trading negatively, remaining flat after the Federal Reserve opted to keep interest rates unchanged in their latest meeting. As of now, the pair is around 1.1670, down about 0.48%, with many traders focusing on Chairman Powell’s upcoming press conference. Fed Monetary Policy Statement In its monetary policy statement, the Fed […]
Gold prices in India: Rates on April 29
On Wednesday, gold prices experienced an uptick in India, as per data from FXStreet. The cost of gold reached INR 14,070.58 per gram, up from INR 14,053.92 the day before. For tola measurements, the price increased to Rs 164,117.00 from Rs 163,922.10 the previous day. Unit Measurement Gold Price in INR 1 gram 14,070.58 10 […]