Bitcoin remains the dominant asset in the cryptocurrency market, accounting for 59.8% of overall market dominance, while Ethereum represents 11.2% and other crypto assets make up the remaining 29%, according to Nischal Shetty, Founder of WazirX.
टैग: Federal Reserve
Donald Trump Presses Fed for Lower Rates, Says US Should Pay Less
WASHINGTON, United States — President Donald Trump has renewed his criticism of the Federal Reserve’s interest-rate policy, arguing that the United States should be paying substantially lower borrowing costs despite solid economic data. Trump said Federal Reserve Chair Kevin Warsh was doing a “great job” but questioned the policy positions of other members of the central bank’s board.
Asian Shares Rise as Fed Rate Hike Bets Fade
SYDNEY, Australia — Asian shares moved higher on Monday, August 17, as Chinese stocks led regional gains while the U.S. dollar weakened toward a two-month low. Investors were reassessing the chances of an imminent Federal Reserve rate hike after softer U.S. economic data reduced expectations for tighter monetary policy.
Trump Renews Effort to Remove Fed Governor Lisa Cook
WASHINGTON, United States — President Donald Trump has renewed his effort to remove Federal Reserve Governor Lisa Cook, giving her three weeks to respond to mortgage fraud allegations that her lawyer has called baseless. The move comes after the U.S. Supreme Court blocked Trump’s earlier attempt to fire Cook in June, keeping the dispute over presidential authority and Federal Reserve independence alive.
Gold Price Today: Bullion Extends Gains on Rate Cut Hopes as MCX Gold Surges Above ₹1.50 Lakh
Gold Price Today:Gold prices continued their upward momentum on Friday, with bullion strengthening in both domestic and international markets as investors increased buying amid expectations that easing inflationary pressures could provide the US Federal Reserve with greater scope to lower interest rates. The positive sentiment was also supported by softer US Treasury yields, a weaker dollar and sustained demand for precious metals.
US Economy Loses 23,000 Jobs in July as Hiring Slows Sharply, Unemployment Falls to 4.1%
The United States labour market unexpectedly weakened in July as employers cut jobs instead of adding them, signalling a slowdown in hiring at a time […]