The post Fed Governor Miran submits resignation, throws support behind Warsh as new chair appeared on BitcoinEthereumNews.com.
Stephen Miran, governor of the US Federal Reserve, during a television interview on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Nov. 10, 2025. Michael Nagle | Bloomberg | Getty Images Federal Reserve Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his spot on the central bank board when or just before new Chair Kevin Warsh takes his seat. Stepping in to fill what was left of an unexpired term last September, Miran served as a contrarian voice on the rate-setting Federal Open Market Committee. He voted “no” in each of the six meetings he has attended since taking over for Adriana Kugler, who abruptly resigned in August 2025. In his letter, Miran said his brief stint was “the highest honor of my life” and expressed confidence in Warsh, who gained Senate confirmation to the top seat
The post US Dollar Index climbs to two-week high as Fed rate hike bets intensify appeared on BitcoinEthereumNews.com.
The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, climbs to a two-week high on Thursday as traders ramp up expectations that the Federal Reserve (Fed) could keep interest rates elevated for longer following a fresh batch of strong US economic data. At the time of writing, the index is trading around 98.83, extending gains for a third consecutive day. US Retail Sales rose 0.5% month-over-month in April, matching market expectations but slowing from the 1.6% increase recorded in March. Meanwhile, the Retail Sales Control Group, which feeds directly into Gross Domestic Product (GDP) calculations, also rose 0.5% after increasing 0.8% in the previous month. Earlier this week, stronger-than-expected US Consumer Price Index (CPI) and Producer Price Index (PPI) data pushed inflation further away from the Federal Reserve’s (Fed) 2% t
The post AI predicts Bitcoin price for May 22, 2026 appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) is once again under pressure after U.S. spot Bitcoin ETFs recorded $635 million in net outflows on May 13, the largest single-day withdrawal since late January. What’s more, the sell-off followed worse-than-expected U.S. Producer Price Index (PPI) data, which showed inflation rising 1.4% in April and dampened expectations for near-term Federal Reserve rate cuts. At the same time, leveraged traders were hit by a wave of liquidations, with roughly $77.95 million in Bitcoin long positions liquidated over the past 24 hours as the asset rejected its 200-day simple moving average (MA) near $82,270. Traders are now monitoring whether Bitcoin can reclaim the $80,800 level, which has emerged as key near-term resistance. Short-term outlook, however, appears fragile, at least according to machine learning algorithms. Machine learning algorithm predicts Bitcoin price on May 22 Finbold’s AI predi
The post Bessent sees ‘substantial disinflation’ ahead as Warsh takes over the Fed appeared on BitcoinEthereumNews.com.
Even with recent inflation news universally bad, Treasury Secretary Scott Bessent expects price pressures to ease soon, just in time for the new Federal Reserve chair to take over. Speaking Thursday to CNBC, Bessent said the energy-fed inflation surge recently is likely to reverse as the U.S. is “going to keep pumping” oil, easing the supply shock from the Iran war. “I firmly believe that nothing is more transient than a supply shock, and we can, we can look through that, because before the Iranian conflict began, core inflation was coming down,” Bessent told CNBC’s Joe Kernen from the sidelines of President Donald Trump’s summit with his Chinese counterpart, Xi Jinping. “So I think core inflation will continue coming down.” That hasn’t been the recent trend, however. Separate readings this week showed that consumer prices jumped 0.6% in April — and still rose 0.4% ev
The post Fed: Extended pause before cautious easing – UOB appeared on BitcoinEthereumNews.com.
UOB’s Senior Economist Alvin Liew revises its Federal Reserve (Fed) outlook following hotter United States (US) inflation data. Liew now expects the Fed to keep policy rates unchanged through 2026, before delivering two rate cuts in 2027, and sees the federal funds target rate ending 2026 at 3.75% and 2027 at 3.25%. Policy on hold as inflation stays high “We now expect an extended period of pause to cover the remainder of 2026 before the Fed resumes easing in 2027 (with two rate cuts in late-2Q27 and late-4Q27). This represents a materially long pause even as we maintain our view of an easing stance for Fed policy, reflecting our expectation that inflation pressures will only begin to taper meaningfully in 1H27.” “Under this revised path, the terminal federal funds target rate is now expected to be 3.75% by end 2026, and then lower to 3.25% by end 2027, which will also be the terminal Fed rat
Rapid gamma shifts in US stocks amplify market volatility, potentially destabilizing investor confidence and impacting broader financial stability.
The post Bloomberg reports fastest rise in gamma as extreme speculation grips US stocks appeared first on Crypto Briefing.
Bitcoin suffered a sharp pullback on Wednesday, giving up the crucial $80,000 support level that helped BTC rally to prices last seen earlier in the year. The selloff comes as Congress has also confirmed a new Federal Reserve (Fed) chair—Kevin Warsh—raising expectations for how monetary policy could evolve next. Warsh’s Confirmation In a recent report, […]
