Dow Jones federal reserve FOMC Jerome Powell U.S. Business News U.S. Market News 

Dow Futures Rockets but Fed Insider Warns of 2008-Style Collapse

The Dow is leaning toward a strong open on Wednesday but the optimism could be short-lived, according to one former Fed insider. | Source: AP Photo/Aaron Favila By CCN Markets: Dow Jones Industrial Average (DJIA) futures ticked up 200 points in early trading Wednesday, pointing to an optimistic open on Wall Street ahead of the Federal Open Market Committee (FOMC) minutes release later today. But one former Federal Reserve insider doesn’t share the market’s optimism. Former Minneapolis Fed President Narayana Kocherlakota – an alternative voting member of the FOMC –…

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federal reserve S&P 500 Trade War U.S. Market News 

Don’t Blame the Fed or Tariffs Alone for this Stock Market Rout

Corporate earnings season is underway, and fundamentals are driving the stock market more than usual because valuations are so lofty already. | Source: Shutterstock Stock market investors who were expecting that the Fed would be more accommodating with its monetary policy or that trade talks between the U.S. and China would go swimmingly were in for a rude awakening. Instead, they got a one-two punch comprised of a mere quarter-point interest rate cut and threats of more tariffs on China rather than any compromise. But if you take a step…

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bitcoin Bitcoin Analysis Cryptocurrency News federal reserve 

Bitcoin Price Sneaks Past $10,000

Overnight, the bitcoin price recovered beyond $10,000 as the market digested the Federal Reserve’s unexpected rate policy commentary. | Source: Shutterstock Overnight, the bitcoin price recovered beyond $10,000, achieving $10,172 at the day’s highest point against the U.S. dollar. The bitcoin price slightly recovered above $10,000 (source: coinmarketcap.com) Technical analysts have said that bears and sellers in the market may be losing momentum as bitcoin nears its monthly support. “Sell off has been losing momentum. BTC on monthly support. Bears are on a timer. The longer this takes, the worse…

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Cryptocurrency News Donald Trump federal reserve judy shelton U.S. Politics 

Trump’s Fed Pick Isn’t Just a Gold Bug

White House economic adviser Judy Shelton made headlines last week after President Donald Trump nominated her to the Federal Reserve Board of Governors. The mainstream press and finance industry were surprised to learn Trump’s Fed pick is a “gold bug.” She advocates returning the U.S. Dollar to the “gold standard.” President Trump’s Fed Nominee Dr. Judy Shelton discusses her support of a return to the gold standard and her critical take on central bank activity “Money is meant to serve as a reliable measure.”@CNBC pic.twitter.com/4wxKOgjRf4 — Squawk on the Street…

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DOW federal reserve Opinion U.S. Market News 

Dow’s Future Clouded as Ex-White House Official Rules Out July Rate Cut

The Dow Jones and the broader U.S. stock market were in solid form in the first half of 2019 despite geopolitical tensions on several fronts. The Dow and the S&P 500 hit new highs a week ago thanks to the Federal Reserve’s dovish monetary policy outlook.  But former White House communications director Anthony “The Mooch” Scaramucci believes that the Fed doesn’t have reason to be dovish anymore.  In an interview with Fox Business, Scaramucci said: “I don’t think the Fed can cut rates here, given how strong the economy is.”…

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Donald Trump Dow Jones federal reserve Jerome Powell U.S. Market News U.S. Politics 

Dow Creeps Higher as Trump Stacks Fed with Rate-Slashing Allies

Dow Jones futures traded higher on Wednesday as Trump aims to stack the Federal Reserve in his favor. In a series of tweets last night, he revealed his picks for the two empty chairs on the Fed’s board of governors. The names are Christopher Waller and Judy Shelton, both staunch advocates of low-interest rates. Trump has made no secret about his desire for low rates, which he believes would rally the stock market. His picks, still unconfirmed by the Senate, would likely tip the Fed in favor of faster rate…

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bitcoin Crypto federal reserve Michael Novogratz Mike Pence Politics 

Trump’s Economy Makes Michael Novogratz ‘More Bullish’ on Bitcoin

By CCN: Go right ahead lefties with your monetary policies. You’re rallying crypto bulls. And you right leaners who are calling for lower interest rates are as good as gold for crypto, too. That’s the message from former hedge fund manager Michael Novogratz. The bitcoin bull weighed in on monetary policies being bandied about that are essentially making the case for crypto. Novogratz is the CEO of cryptocurrency merchant bank Galaxy Digital. In a tweet this weekend, he pointed to calls for interest rate cuts being made by Vice President…

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david rosenberg Dow Jones federal reserve U.S. Market News 

Dow Creeps Higher – Here’s Why ‘Super Wednesday’ Could Turn Sour

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. The Dow crept higher leading into the morning trading session, as the US stock market eyed a recovery from its April 9 pullback. However, this so-called “Super Wednesday” threatens to…

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bitcoin Bitcoin Analysis Crypto federal reserve ron paul travis kling 

Bitcoin Is a Hedge Against ‘Irresponsible’ Federal Reserve: Asset Manager

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. As the bitcoin price recovers following a catastrophic bear market, crypto bulls are optimistic that good times lie ahead. Moreover, they predict that the public’s embrace of bitcoin will strengthen…

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bitcoin Bitcoin Analysis Crypto Donald Trump federal reserve Stephen Moore U.S. Market News 

Why Trump’s Controversial Fed Pick is Massively Bullish for Bitcoin

Donald Trump might frequently complain about the Federal Reserve and Jerome Powell, but until now no one cared. His latest move to recommend Stephen Moore for a seat on the Fed’s board is potentially explosive, with ripple effects that could hit the global monetary system hard. Puppet central banks and inflation go hand in hand, so over the long-term, this could be extremely bullish for Bitcoin. Trump’s Assault on Fed’s Independence Could be Great for Bitcoin The Federal Reserve has always been sacred. Presidents will appoint yes-men in every walk…

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