Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report – CoinDesk
Bitcoin (Bitcoin) The cryptocurrency tumbled after new data showed higher inflation and slower growth in the United States in the first quarter, briefly falling below $63,000 on Thursday. The U.S. government’s first-quarter GDP report showed growth of just 1.6%, well below the 2.5% expected by analysts and below the 3.4% expected in the fourth quarter […]
Bitcoin’s Inflation Rate Is Now Lower Than Gold: Report – Decrypt
It has been about four days since Bitcoin (BTC)’s fourth halving event occurred, and market watchers have accumulated enough data to make an early judgment on its impact. One is that, as expected, Bitcoin’s supply inflation rate has collapsed. Each Bitcoin block that is mined approximately once every 10 minutes currently generates only 3.125 BTC. […]
Gold prices steady below $2,400; Rate fears, dollar pressure persist By Investing.com – Investing.com
Investing.com — Gold prices recovered from overnight declines in Asian trade on Thursday, but remain below recent highs as concerns about longer-term interest rates and strong dollar pressure remain. Ta. The yellow metal soared to record highs last week as safe-haven demand soared after Iran launched attacks against Israel. But fears of an escalation of […]
Interest rate cut odds dwindle as inflation progress stalls
Market Rebellion co-founder Pete Najarian talks about the Fed’s slow rate cut, inflation, and the US market. A series of better-than-expected inflation figures since the start of the year have made it less likely that the central government will cut interest rates immediately. federal reserve. of consumer price indexprices, a broad measure of the price […]
New threat to Biden: Rising odds of no rate cuts before election
The rising odds that the Federal Reserve might not cut interest rates at all this year has major implications for the coming elections, especially in terms of imperiling President Joe Biden’s quest for a second term. Just four months ago, investors were pricing in up to six interest rate cuts from the Fed in 2024, […]
Not Just Bitcoin: Gold’s Price Dropped 4% in Hours After Fed’s Latest Rate Cuts Comments – CryptoPotato
Cryptocurrency markets are known for, and criticized (by some), for their volatility, and a case in point is the sharp drop in prices over the past 12 hours or so, leaving behind nearly $1 billion in liquidations. . Bitcoin was one of the least affected assets, with its price falling from about $71,000 to about […]
Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season – CNBC
What a difference a year makes! The club that owns Wells Fargo will report its quarterly results on Friday, and another financial holding, Morgan Stanley, will report on Tuesday. The industry’s first-quarter results will be against a more favorable backdrop than last year, when the collapse of Silicon Valley Bank in March 2023 sent shockwaves […]
Income investing opportunities emerge as the outlook for rate cuts moves to September – CNBC
Although traders’ hopes for a June rate cut were dashed, income-seeking investors may find a golden opportunity to pick up bonds and high-dividend stocks at bargain prices. Consumer prices rose faster than expected in March, rising an annualized 3.5%, beating Wall Street expectations. The news sparked a selloff Wednesday, with the Dow Jones Industrial Average […]
March Inflation Report Kills Chance of a June Rate Cut
Inflation shock sends tremors across Wall Street Was that an earthquake? The Ministry of Labor reported: Consumer Price Index (CPI) March rose by four-tenths of a percent, beating expectations and matching February’s readings. The so-called core consumer price index, which excludes food and energy prices, also rose 0.4%. of The year-on-year headline inflation rate was […]
Dow falls 400 points as hot inflation data hurt chance of June rate cut
Wednesday’s better-than-expected inflation numbers poured cold water on investors’ hopes that the Federal Reserve would start cutting interest rates as early as June, sending markets plummeting. All three major stock indexes fell sharply at the opening bell after the Labor Department announced that the consumer price index for March was 3.5%. This came on the […]