A day after its short-lived comeback above $20,000 Tuesday, bitcoin plunged below $16,000 while ether dipped to its lowest point in four months

Project Cedar will investigate CBDC design choices and technical features, the NY Innovation Center said

The Fed’s forward guidance statement did not provide clarity about what December might bring

Central bankers could be forced into a pivot if economic conditions don’t improve

Bitcoin down 2%, ether falling 1.5%, the S&P 500 and tech-heavy Nasdaq losing 2% and 3% respectively

The regulator is particularly concerned about stablecoins, volatility and crypto token classification

Powell was guarded when asked about what might come in November — markets are still betting on a 75 bps increase at the next FOMC meeting

The volatility from last week shows no signs of slowing with more market-moving events scheduled for the coming days

Market participants expect future rate hikes to be more aggressive in response

Both crypto and equities markets have taken a breather as investors wait cautiously for central bankers to gather at Jackson Hole.

Futures markets are now pricing in a 53% chance of a 50 basis point hike and a 48% chance of a 75 basis point hike in September

July’s CPI report came in 0.2% lower than expected, showing an 8.5% increase in prices across the board year over year

The Fed has kept an eye on labor statistics in recent months with the hopes of gauging the odds of a recession

Overall economic activity appears to have slowed a bit, Fed officials wrote in their statement released Wednesday, but employment remains high

Michael Barr will influence policy on cryptocurrencies and stablecoins, alongside serving as a top banking watchdog

Bitcoin and ether both slid immediately following the release of the report, losing 2.5% and 3.4%, respectively, while the tech-heavy Nasdaq opened 1.6% lower

The economy added 372,000 jobs in June, but the unemployment rate was 3.6% — unchanged from May

A rebound across all markets is what will eventually push big tech and cryptos higher, analysts predict

The Dow Jones rose 0.23% by close, while the S&P 500 was up 0.36% and the Nasdaq increased 0.35%

Central bankers lowered their growth forecasts for the second half of 2022 and 2023, despite a rebound in GDP during the second quarter of 2022

Central bankers predict elevated unemployment rates, prolonged higher prices and a slowdown in economic activity going forward

The risk-off sentiment in markets is here to stay, analysts say

The Federal Reserve’s plan is aimed at tightening credit and cooling down inflation, but what’s the collateral damage?

Only 3% of US adults reported using crypto for purchases or money transfers, and they are most often lower income earners

The Fed is raising interest rates and shrinking its balance sheet to combat the highest inflation in four decades