Amid sticky inflation, Fed Chair Jerome Powell said that they would approach the monetary policy very cautiously. Analysts expect only two rate cuts instead of four, in 2024. On Thursday, September 21, the US Treasury yields experienced an upward surge approaching levels not observed in over a decade. This movement followed the Federal Reserve’s announcement regarding interest rates and future guidance. US Treasury Yield The yield on the 10-year Treasury increased by approximately 9...
Read More »US Crude Oil Prices Cross $90 per Barrel for First Time in 10 Months
Prices of oil in the US hit a 10-month high as oil shortages are expected until the end of the year following Russia and Saudi output cuts. In response to fears of weaker supply, the prices of oil rose on Thursday. The West Texas Intermediate (WTI) crude climbed 1.6% to $90.04 per barrel, its highest point since November last year. Brent crude also sold at a 10-month record of $93.23 after rising 1.5%. The impact of the increase in crude prices may be stiff on the economy as gasoline...
Read More »August Proves Worst Month for Equities This Year So Far but Market Data Is Improving
CoinspeakerAugust Proves Worst Month for Equities This Year So Far but Market Data Is Improving A tighter labor market and lower jobs opening shows that inflation pressure continue. Companies are adopting a cautious before the Fed's September meeting. August Proves Worst Month for Equities This Year So Far but Market Data Is Improving
Read More »Wall Street Investors Await Key Inflation and Jobs Data, Treasury Yields Fall
CoinspeakerWall Street Investors Await Key Inflation and Jobs Data, Treasury Yields Fall The inflation and jobs data will play a crucial role in further market movements. Wall Street Investors Await Key Inflation and Jobs Data, Treasury Yields Fall
Read More »Bitcoin’s Win Is Coming as Fed Prints More ‘Fiat Toilet Paper’, Says BitMEX Co-Founder Arthur Hayes
CoinspeakerBitcoin’s Win Is Coming as Fed Prints More ‘Fiat Toilet Paper’, Says BitMEX Co-Founder Arthur Hayes The Bitcoin price has once again retraced back to $26,000 after some recovery pump earlier this week. On the technical chart, BTC continues to show bearish momentum with its price dropping under the 200-day moving average (DMA). Bitcoin’s Win Is Coming as Fed Prints More ‘Fiat Toilet Paper’, Says BitMEX...
Read More »Bitcoin and Crypto Market Bounce Back after Sell-Off, Will Recovery Continue?
CoinspeakerBitcoin and Crypto Market Bounce Back after Sell-Off, Will Recovery Continue? All eyes are on the Fed's Jackson Hole meeting ahead this week as Fed Chair Jerome Powell is likely to announce interest rate hikes. Bitcoin and Crypto Market Bounce Back after Sell-Off, Will Recovery Continue?
Read More »US Salary Expectations Reach New Heights, Raising Inflation Concerns
CoinspeakerUS Salary Expectations Reach New Heights, Raising Inflation Concerns As wage expectations surge to unprecedented heights, economists and policymakers keep a vigilant eye on the broader implications for inflation and monetary policy. US Salary Expectations Reach New Heights, Raising Inflation Concerns
Read More »10-Year Treasury Yield Rises in the US Following Minutes of Last Federal Reserve Meeting
Coinspeaker10-Year Treasury Yield Rises in the US Following Minutes of Last Federal Reserve Meeting The 10-year Treasury yield rose while the 2-year yield fell as investors considered the implication of the Federal Reserve's meeting minutes. 10-Year Treasury Yield Rises in the US Following Minutes of Last Federal Reserve Meeting
Read More »Ripple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin
CoinspeakerRipple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin David Schwartz seems unsurprised that the Fed is reacting negatively to the new stablecoin issued by PayPal. Ripple CTO Schwartz Comments on Requirements Issued by Fed on Banks Transacting with PayPal Stablecoin
Read More »Fed Rate Hikes Could Cause More US Bank Failures, Says Shark Tank’s Kevin O’Leary
CoinspeakerFed Rate Hikes Could Cause More US Bank Failures, Says Shark Tank’s Kevin O’Leary O'Leary says the Fed could still increase rates to 6.25% or 6.5%, resulting in bank failures in regional institutions. Fed Rate Hikes Could Cause More US Bank Failures, Says Shark Tank’s Kevin O’Leary
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