U.S. Core Inflation Rose 0.3% in August, Faster Than Anticipated
Prior to this report, the Fed was widely expected to trim its benchmark lending rate by 25 basis points at its policy meeting next week.
Inflation
U.S. CPI Rose 0.2% in July, Matching Expectations
The U.S. CPI for July was released on Wednesday (Maria Lin Kim/Unsplash)
Crypto Turns Broadly Lower in U.S. Afternoon Trade as Stocks Give Away Gains
An overnight bounce following dovish remarks from the Bank of Japan has failed to hold.
Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists
A weakening labor market could persuade the Fed to cut rates even as inflation is not yet back to the Fed’s 2% goal.
U.S. Inflation Was Negative in June; Bitcoin Jumps Above $59K
The government inflation report for June was released Thursday morning (Maria Lin Kim/Unsplash)
Bitcoin Waits for Guidance From U.S. Inflation Data, Bond Market
Increased prospects of Fed rate cuts could bode well for BTC’s recovery.
U.S. CPI Was Flat in May, Beating Expectations; Bitcoin Rises to $69.2K
Stubbornly high inflation readings in the past months curbed rate cut expectations weighing on asset prices.
Finance market prices a single interest rate cut for 2024 in the U.S.
The finance market has dramatically shifted its expectations for U.S. interest rates in 2024, now pricing in just a single … Continue reading
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Is it better to invest in gold or Bitcoin?
Both gold and Bitcoin (BTC) have their niche roles in investing. Gold has little practical use besides jewelry and certain … Continue reading
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Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally
Sluggish U.S. retail sales and softer inflation reports have opened the way for the next leg up in the crypto rally, Swissblock said.