Economy


Markets

Meme Coins and Macro: U.S. Credit Card Holders Most Stressed Since 2012

The percentage of credit card loans outstanding for over 90 days has increased to the highest since 2012, a signal that speculative activity may ease off.

(stevepb/Pixabay)

Markets

Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say

Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said.

U.S. Federal Reserve Chair Jerome Powell testified that a U.S. CBDC isn't in the near future, and he said the Fed wouldn't design one to spy on Americans (screen capture, Senate Banking Committee video)

Markets

Bitcoin Market Activity Suggests Looming U.S. Inflation Data May Be Non-Event

The way bitcoin options are priced suggests Wednesday's CPI report, though pivotal, may do little to disturb the calm in the crypto market.

food shopping in brown bags

Finance

U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rose to 3.9%

So far in 2024, bitcoin's concerns about the path of the economy or interest rates have taken a back seat to the overwhelming demand from the spot ETFs.

The government's jobs report for January was released Friday (David McNew/Getty Images)

Markets

Bitcoin's Price Rally May Add to Inflation. Here's Why

The so-called wealth effect from unrealized crypto-market gains, which is estimated to be stronger than stocks, could boost consumer spending and inject demand-pull inflation into the U.S. economy.

(stevepb/Pixabay)

Markets

Goldman Sachs Sees Fed Delivering First Rate Cut in Q3 2024: Reuters

The Fed's benchmark interest-rate range is currently 5.25% to 5.5%.

The Federal Reserve building in Washington, D.C. (Jesse Hamilton/CoinDesk)

Markets

U.S. Interest Rates High Enough to Tame Inflation, Avoid Recession: Chicago Fed

Federal Reserve Bank of Chicago economists predict low inflation and a resilient economy, a potential goldilocks scenario for risk assets, including cryptocurrencies.

(Neal Kharawala/Unsplash)

Markets

U.S. August Job Adds of 187K Vs Estimates for 170K; Unemployment Rate Rises to 3.8%

With spot bitcoin ETF aspirations sidelined after the SEC yesterday pushed off decisions on a raft of new applications, crypto bulls are hoping an employment slowdown and lower interest rates could provide a positive catalyst.

(Unsplash)

Finance

AI Investment Could Reach $200B Globally by 2025: Goldman Sachs

Generative AI has huge economic potential and could boost global labor productivity, the report said.

robot hand holding dollar bills

Markets

Bitcoin Remains Under Pressure Below $30K Following U.S. Retail Sales Numbers

Thursday's rally to a new 13-month high of $31,800 has now more than been fully nullified.

Bitcoin daily price chart. (CoinDesk Indices)