Monthly archive October, 2018

Amid recent concerns the Federal Reserve may raise interest rates more aggressively than currently anticipated, the minutes of the central bank's September monetary policy meeting showed members continue to favor a "gradual approach" to hiking rates.Original Article Read More →

A report released by the National Association of Home Builder on Tuesday unexpectedly showed a modest increase in U.S. homebuilder confidence in the month of October. The report said the NAHB/Wells Fargo Housing Market Index inched up to 68 in Read More →

Cryptocurrencies were a mixed bag Tuesday morning after a strong showing a day earlier apparently on fears that the controversial stablecoin Tether was likely to fail in maintaining its 1:1 peg to the dollar. Bitcoin was trading lower, while Ethereum Read More →

The International Monetary Fund slashed the global growth forecast for this year and next on Tuesday, citing an increase in the likelihood of further negative shocks, such as a full-blown trade war. In its latest World Economic Outlook, released in Read More →

Bitcoin and its peers are trading lower Tuesday morning, after attempting further gains on Monday. In news, the International Monetary Fund warned that "Continued rapid growth of crypto assets could create new vulnerabilities in the international financial system."Original Article Read More →