2022-10-14 15:31 |
Inflation has now cooled for three consecutive months. U.S. Inflation Hits 8.2% U.S. inflation keeps fallingbut its still running hotter than the Federal Reserve would like. The Bureau of Labor... origin »
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The "core" Consumer Price Index, seen as a more steady indicator of inflation, rose 6.6% from a year prior – a four-decade high.
2022-10-14 15:51 | |
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On Thursday, 17 top Federal Reserve officials explained that the committee plans to let inflation run hotter than usual, or above the benchmark 2% rate for a duration of time. Fed Chair Jerome Powell’s speech was considered a “major policy shift” and a number of economists commented on the central bank’s move.
2020-8-29 02:00 | |
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Legendary investor Paul Tudor Jones lays out his recession trades including Bitcoin
Arguably the most important takeaway from yesterday’s FOMC meeting was that the U. S. Federal Reserve (Fed) is no longer forecasting a recession, which led to a cautious rally in Bitcoin and crypto markets today.
Bitcoin’s price is following in XRP’s footsteps by rallying close to $32,000, but the price could pull back in the face of this week’s $720 million options expiry.
A political deadlock looms over the U.S. debt ceiling and its potential impact on the price of Bitcoin, which is already up 75% in 2023.
BTC price continues to show strength, and derivatives data suggests that bulls intend to press Bitcoin higher.
According to Bloomberg's senior commodity analyst, BTC is currently untouchable and could go all the way. However he asserts that a recession will likely affect the commodity as well.
The Galaxy Digital CEO predicts tough times ahead for the United States economy but continues to be bullish on crypto.