Cautious Bitcoin Bounce to Face Inflation Data Hurdles Later This Week
The downtrend in inflation has stalled so far this year, putting in doubt the odds for any Fed rate cuts in 2024.
Inflation
Bitcoin’s Modest Rally Cut Short, Price Tumbles Back Below $61K
Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.
Gold price vs inflation: How well does gold keep up with inflation?
Gold has witnessed astronomical prices lately, and even set an all-time record of $2,431.52 per ounce on April 12. Furthermore, … Continue reading
The post Gold price vs inflation: How well does gold keep up with inflation? appeared first on Finbold.
Investors adjust their bets on Fed’s interest rate cut for 2024
Finance markets trembled early this week in the expectation of the Federal Reserve’s target interest rate decision on May 1. … Continue reading
The post Investors adjust their bets on Fed’s interest rate cut for 2024 appeared first on Finbold.
Japanese Yen at 34-year low, U.S. Dollar climbs on inflation data
The U.S. dollar (USD) surged to a historic 34-year high against the Japanese yen, reaching 157.795 yen on Friday, propelled … Continue reading
The post Japanese Yen at 34-year low, U.S. Dollar climbs on inflation data appeared first on Finbold.
Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report
Increasing concerns about sticky inflation hit risk assets across all markets including cryptos.
What Is Bitcoin Meant to Hedge?
The cryptocurrency underperformed this week as an economic safe haven. But bitcoiners are taking a longer term view.
Warren Buffett on inflation: Strategies for sustainable growth
Warren Buffett, one of the most recognized investors and the eighth richest person in the world, has been investing for … Continue reading
The post Warren Buffett on inflation: Strategies for sustainable growth appeared first on Finbold.
Bitcoin Rebounds to $70K, Shrugging Off Hot U.S. Inflation Print
Major U.S. equity indices closed the day lower as faster CPI reading for March, will BTC was up 1%.
Bitcoin’s Acceptance as ‘Digital Gold’ May Spur Demand From New Investors: Coinbase
Gold has outperformed after the Federal Reserve expressed a cautious stance on the pace of future interest-rate cuts, the report said.