Tag Archives: jerome powell

As the crypto market braces for the Federal Reserve’s decision, traders are showing caution, evidenced by a 40% drop in trading volume over the last 24 hours. Bitcoin (BTC), the world’s leading cryptocurrency, finds itself in a period of consolidation around the $41,000 price mark, as traders eagerly await the Federal Reserve‘s interest rate decision, scheduled for today. Bitcoin’s Price Movement Bitcoin’s recent journey in the market has been characterized by volatility, with the price...

Stock futures are mixed after the Dow Jones Industrial Average closed its best month in more than a year. The Dow Jones Industrial Average surged to a new high for the year on Thursday. This marked a stellar month-end performance amidst signs of reduced inflation and robust earnings reports. Climbing by 520 points, or 1.47%, the Dow closed at 35,950.89, surpassing its previous peak set in August. Similarly, the S&P 500 added 0.4% to hit 4,567.80, while the Nasdaq Composite dipped...

As investors and analysts await the official jobs report for October, the 2-year and 10-year Treasury yields moved in opposite directions. US Treasury yields came in varied on Friday as investors wait on the jobs report for October for an indication of the labor market and the effect of interest rates. While the 2-year Treasury climbed by more than two basis points to 4.9974%, the 10-year Treasury yield fell to 4.6658%, losing less than one basis point. The market expects October’s job...

The S&P 500 (INDEXSP:.INX) and Nasdaq Composite (INDEXNASDAQ:.IXIC) equity indexes advanced for the second consecutive day. Bitcoin (BTC) mining stocks enjoyed significant gains on Thursday as the price of the coin hovers around $35,000, its highest level in over 17 months. Bitcoin Mining Stocks’ Strong Performance According to reports, US-listed mining companies such as Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT), and CleanSpark Inc (NASDAQ: CLSK)...

Treasury yields fell in the US as the war between Israel and Hamas rages on, with several thousand dead and wounded. Treasury yields fell in the US on Tuesday as investors consider the economic and geopolitical effects of the ongoing war between Israel and Palestinian militant movement Hamas. Early Tuesday morning, the 10-year Treasury fell over 12 basis points to 4.6571%. The 2-year Treasury yield also fell, hitting 4.9843% after losing nine basis points. Economists and investors are...

The US Census Bureau reported that Durable Goods Orders in August improved by 0.2% month-on-month (m/m) following a 5.6% decline in the previous reading. The EUR/USD currency pair, one of the important barometers of global economic sentiment, found itself under pressure during the early Asian session earlier today, struggling around the 1.0500 mark. EUR/USD Pair A recent report from Fxstreets highlighted that one of the major drivers behind the weakening of the EUR/USD pair is the...

The Bank of England has halted its 14 consecutive interest rate hikes, keeping rates at 5.25% due to moderating inflation. Despite this, the economy remains precarious. The Bank of England has decided to end a streak of 14 consecutive interest rate hikes, keeping them at 5.25%, following data showing a moderation in inflation. According to CNBC, the Monetary Policy Committee voted 5-4 in favor of not raising rates at its September meeting, while 4 members indicated they would have...

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...

Core inflation in August rose as the CPI showed price increases across several points, including energy, housing and airfares. Core inflation in August saw its largest monthly increase for the year as consumer prices rose on housing, energy, and many other items. According to the United States Department of Labor, the consumer price index (CPI) rose 0.6%, seasonally adjusted, up 3.7% from the same period last year. Economists polled by Dow Jones had predicted that the CPI would increase...

The mixed economic data that has emerged is at the root of the uncertainty surrounding the Fed’s monetary policy. A recent report has revealed that the US Treasury yields are currently on the rise as investors analyze key economic data released the previous week. This surge has prompted investors to contemplate what lies ahead for the nation’s economy. The Morning Surge in US Treasury Yield At 4 a.m. Eastern Time, the yield on the benchmark 10-year Treasury note had reportedly risen by...