Fed’s Waller: Now is time to hike interest rates because economy ‘can take it’

Fed’s Waller: Now is time to hike interest rates because economy ‘can take it’

It is a good time for the Federal Reserve to “front-load” interest rate hikes because the economy is strong enough to keep growing despite higher borrowing costs, said Fed Gov. Christopher Waller on Tuesday. “This is the time to hit it. You want to do this when the economy is strong, ”Waller said while speaking … Read more

Crypto Prices Slump Over the Weekend

Crypto Prices Slump Over the Weekend

The cryptocurrency market fell over the weekend, mirroring the slide of the broader stock market. The world’s largest cryptocurrency, bitcoin, fell to $ 34,656 on Sunday afternoon, a 3.9% drop from Friday evening, according to prices from CoinDesk. Earlier in the afternoon, bitcoin slid below $ 34,000 to about half of its all-time-high of $ … Read more