Economics


Markets

Aggressive Rate Hikes Still Necessary, Say Fed’s Evans and Kashkari

A slowdown in inflation reported Wednesday morning raised hopes the U.S. central bank might tap the brakes on its monetary tightening cycle.

Two Federal Reserve governors see the need for continued rate hikes. (PM Images/Getty Images)

Markets

US Inflation Slowed to 8.5% in July, CPI Report Shows; Bitcoin Jumps

Crypto markets responded favorably after the slower-than-expected reading, which takes pressure off the Federal Reserve to hike rates aggressively at the September meeting.

Small Shrinking Currency Dollar in Inflation  (iStock)

Markets

Americans See Inflation Plunging Next Year, New York Fed Survey Finds

Respondents to the widely considered survey expect inflation to run at 6.2% in 2023, which is down 0.6% from last month’s survey.

(Source: New York Fed Survey of Consumer Expectations)

Markets

What Is the Definition of ‘Recession?’ And Does Bitcoin Care?

The "two quarters" standard is simple, but the definition by the National Bureau of Economic Research gives policymakers much-needed wiggle room. For bitcoin, the semantics don't matter.

(ZargonDesign/Getty Images)

Markets

Rate Hike at Fed's July Meeting Provides a Credibility Test, With Cuts Already on Horizon

The U.S. central bank is expected to raise interest rates by 75 basis points, which many economists say is too dovish. But traders are thinking about possible rate cuts as soon as next year.

(Paul Brady/Shutterstock)

Opinion

Who Is Building Ethereum's Public Goods?

The aim of Web3 isn’t exploitation, but "regeneration" of nonstate and noncorporate infrastructure.

(Nathan Dumlao/Unsplash, modified by CoinDesk)

Markets

Jobs Growth Is the Savior of Inflation-Wracked US Economy

Economists say robust employment complicates the recession outlook.

Despite the GDP declines, the labor market is booming. (Bettmann Archive/Getty Images)

Markets

US Job Growth Remains Historically Strong, Exceeding Economists' Expectations

The employment report will be a key data point for the Federal Reserve's next rate hike decision later this month.

(Helene Braun/CoinDesk)