For the first time in more than a century, America is about to go dark on its inflation stat. With Bureau of Labor Statistics staff furloughed due to the shutdown, there will be no Consumer Price Index and no official measure of the cost of living, nor a baseline for the markets. What the hell? … Read more
Jerome Powell is going to be stepping up at Jackson Hole today, delivering a speech that the market been waiting for weeks. He will lay out the Fed’s view on the economy, a shifts in policy and cooling inflation for a softening job market. As his term comes to an end, this talk will carry … Read more
Inflation news is affecting Bitcoin, with the BTC price pacing just below $110,000, trading at $109,480 after briefly punching through that resistance earlier in the week. Crypto traders are now looking to June 11’s Consumer Price Index release, a potential spark or a wet blanket, depending on how the numbers land. Meanwhile, the Producer Price … 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 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
Right after the report dropped, Bitcoin’s price jumped to $83,371. Lower inflation means the Fed is less likely to tighten the screws on the economy. Stocks went up too. Everyone’s feeling a bit more optimistic. There’s also something called Core CPI, which ignores food and energy prices. That came in at 3.1%, a touch below … Read more
Solana price is under immense selling pressure, slipping below $130. Will this proposal seeking to reduce SOL inflation sail through? Solana has not escaped the crypto market’s brutal downturn. Few coins outperform Bitcoin, with exceptions like Pi Network, which continues to ride the hype of its mainnet launch. Together with other top 10 altcoins, Solana, … Read more