Economics


Markets

US Jobs Growth Slows Less Than Expected; Bitcoin Slips From $20K

The monthly employment situation report released by the Labor Department has become one of the most important economic indicators to watch as the Federal Reserve evaluates the state of the economy.

The U.S. government released its latest jobs figures Friday (David McNew/Getty Images)

Markets

The Fed May Not Be Able to Pivot Even If It so Desires

The Bank of England relieved teetering U.K. markets on Wednesday, announcing a bond purchase program.

Jerome Powell spoke recently at a panel of central bankers in France. (Drew Angerer/Getty Images)

Markets

Fed Hikes Rates to Highest Since 2007; Bitcoin Slides Toward $19K

This is the third consecutive time that members of the Federal Open Market Committee raised rates by 75 basis points, signaling how serious inflationary pressures have gotten in the U.S. The bitcoin market doesn't like it.

Bitcoin and ether traded slightly higher following Fed Chairman Jerome Powell’s latest comments on inflation and the economy. (Jesse Hamilton/CoinDesk)

Markets

A Full Percentage Point Rate Hike? Bitcoin Traders Size Up Fed’s Desperation on Inflation

Chances of a 100 basis point rate hike rose fast following Tuesday's CPI report.

Traders on the Chicago Mercantile Exchange started pricing in a 32% chance of a 100 basis point rate hike by the Federal Rate in September. (CME)

Markets

US CPI Report Shows Inflation Hotter Than Expected, Bitcoin Plunges 9.6%

Core inflation, which is more closely watched by traders, rose 0.6 percent in August, a larger increase than in July.

(Getty Images)

Markets

US Inflation Data Could Test Bitcoin’s Rally

The price of BTC gained 15% over the weekend as traders wait for positive U.S. inflation data.

(Getty Images)

Markets

Federal Reserve to Act 'Forthrightly, Strongly' Until Inflation 'Job Is Done,' Powell Says

The U.S. central bank is expected to raise its benchmark interest rate by another 75 basis points this month.

Federal Reserve Chair Jerome Powell during his speech September 8, 2022 (Cato Institute)

Markets

Hawkish Fed Chatter Has Wall Street Betting on Big Rate Hike, Crypto Traders Shorting Bitcoin

Some of the central bank's officials want to see "several months" of low inflation to gain confidence that price pressure is easing.

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Markets

The Fed Wants You to Lose Money in Stocks and Probably Crypto, Too

Monetary policy works through financial conditions, including equities and consequently crypto, which has been highly correlated with the equity market.

Federal Reserve Chair Jerome Powell will speak at a press conference after this week's FOMC meeting. (Federal Reserve via Wikimedia Commons)

Markets

More Volatility Ahead for Bitcoin as Federal Reserve Keeps Quiet

BTC traders will have to be data dependent, just like the central bank.

(Getty Images)