Inflation Expectations Surge, Pulling Down Consumer Sentiment, Casting Doubt on Fed Policy
U.S. consumers' inflation expectations soared in January, according to a new study from the University of Michigan, calling into question the Federal Reserve's decision to cut interest rates three times late last year. The survey results suggest that although consumers feel their personal financial situation has improved slightly, they are increasingly concerned about rising prices […]
US Bitcoin ETFs first anniversary: A surge far above expectations – Cointelegraph
The first year of the Spot Bitcoin Exchange Traded Fund (ETF) in the US exceeded all expectations, marking a historic debut that reshaped both the Bitcoin market and traditional finance. It received approval from the U.S. Securities and Exchange Commission on January 10, 2024, and trading for the U.S. Spot Bitcoin (BTC) ETF began the […]
US economy added 256K jobs in December, well above expectations
Kathryn Rooney Vera, chief market strategist at StoneX, talks about the importance of reducing federal spending on moneymaking. The U.S. economy added jobs faster than expected in December, as Federal Reserve policymakers watch the strength of the labor market ahead of a meeting later this month. The Labor Department reported Friday that employers added 256,000 […]
Polls Show Rising Expectations on Trump for a Pro-American Migration Policy
Polls show voters' expectations for a pro-American immigration policy are rising, even as President-elect Donald Trump suddenly zigs and zags on white-collar immigration. “Forty-seven percent of respondents cited public name transition as a priority for the government, up from 35% who said the same as of December 2023,” the Associated Press reported. reported January 7th. […]
TGL’s debut match exceeded expectations and 14 other takeaways from opening night
Here are 15 takeaways from the highly anticipated TGL opener, where Ludwig Oberg and The Bay Golf dominated Xander Schauffele and New York by a score of 9-2. Key points: 1. TGL launch went much better than expected No one knew what was going to happen Tuesday night, but what fans and players saw was […]
Private sector adds 122,000 jobs in December, below expectations, ADP says
Art Laffer, co-author of “The Trump Economic Miracle,” discusses “Kudlow” about President-elect Donald Trump's plan to clean up the government. Payroll company ADP said Wednesday that private sector companies added 122,000 jobs in December. The figure was lower than the 140,000 expected by economists and also lower than the 146,000 reported in the previous month. […]
Bitcoin, Dogecoin and Solana Plunge as Jobs Data, Rate Cut Expectations Spook Investors – Decrypt
New economic indicators appear to have a chilling effect on both crypto and stock markets alike, with crypto prices falling across the board early Tuesday, led by major assets such as Bitcoin, Dogecoin, and Solana. are. Bitcoin plummeted on the day from around $101,000 to its current price of $97,856, a decline of more than […]
Gold price moves away from multi-week high on hawkish Fed expectations – FXStreet
Gold prices fell for the second day in a row on Monday, but the downside appears to be limited. The Fed's hawkish signals continue to support and put some pressure on US Treasury yields. Geopolitical risks and trade war concerns may continue to support the safe-haven XAU/USD. Gold prices (XAU/USD) failed to capitalize on Monday's […]
Speaker Johnson faces year of tight votes and acrimony: ‘A lot of expectations’
The high-stakes battle for control of the House is over, but Speaker Mike Johnson's politically dangerous year is just beginning. Winning the speaker's gavel would be easy, given that Johnson, R-La., had no Democratic support and could only lose one Republican thanks to the razor-thin House Republican majority. It's not a thing. On Friday afternoon, […]
Mets’ Juan Soto win shows they’re ‘ready for’ expectations
Todd Zale plays Santa Claus and Reed Garrett, dressed in green and red velvet, plays the helpful elf at Citi Field, where the Mets host more than 125 Queens students for their annual kids' holiday party. He was next to Santa Claus. Of course, Steve and Alex Cohen already did their best Santa impressions this […]