U.S. stocks climbed higher as softer inflation data improved the prospects of a Fed rate cut. U.S. stock indices erased early morning losses on hopes that a lower consumer price index reading might contribute to monetary easing. On Tuesday, June 12, the Dow Jones was up 0.17%, or 70 points, while the S&P 500 and … Read more
U.S. stocks ended mixed Wednesday after a weak private payrolls report and a cautious economic outlook from the Fed’s Beige Book fueled concerns about growth, inflation, and tariffs. The Dow Jones Industrial Average snapped a four day winning steak, closing lower by 91.90 points, or 0.22%. The S&P 500 was nearly flat, while the Nasdaq … Read more
No cuts, no hikes—just more economic pain and investors are blaming it on President Donald Trump. Meanwhile, as crypto crashes, a new meme coin is making headway in the market. The Fed’s May minutes show rates staying locked at 4.2% to 4.5%, reflecting unease beneath the surface. Inflation hasn’t gone anywhere, the labor market is … Read more
U.S. stocks closed lower on Wednesday after the Federal Reserve released the minutes from its May policy meeting. The Dow Jones Industrial Average lost 0.58%, or 245 points, while the S&P 500 and Nasdaq Composite indices fell 0.56% and 0.51%, respectively. The central bank’s minutes indicated a cautious approach to monetary policy and warned of … Read more
U.S. stocks closed higher Wednesday after the Federal Reserve kept interest rates unchanged and Chair Jerome Powell acknowledged growing uncertainty surrounding the economic outlook. The S&P 500 edged up 0.43%, while the Nasdaq Composite rose 0.27% and the Dow Jones Industrial Average added 284 points, or 0.7%. Disney helped lift the Dow after reporting better-than-expected … Read more
In a surprise twist that’s got crypto watchers buzzing, the U.S. Federal Reserve just scrapped its prior rules that forced banks to jump through extra hoops before touching anything crypto-related. Up until now, banks had to get special permission from the Fed before engaging in any digital asset or stablecoin activity. That’s no longer the … Read more
Introduction The recent downturn in Bitcoin (BTC) prices has created anxiety in the cryptocurrency market, especially as traders and investors await the Federal Reserve’s forthcoming interest rate decision. It is well-documented that macroeconomic events, particularly Federal Reserve meetings, play a significant role in shaping the price movements of risk assets such as Bitcoin. While some … Read more
More than 30 U.S. states have explored the idea of publicly funded Bitcoin reserves, with at least two jurisdictions nearing the passage of related legislation. Policy makers in Washington haven’t agreed on federal laws to create a Bitcoin (BTC) reserve, Wyoming Republican Senator and chair of the Senate Banking Subcommittee on Digital assets, Cynthia Lummis … Read more