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Inflation
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.
Bank of England Raises Interest Rate by Most Since 1995
At 1.75%, the rate is now the highest since the start of the global financial crisis in late 2008.
Bitcoin Up After July Fed Rate Hike Announcement
Bitcoin and other risk-on assets trending higher following U.S. Federal Reserve officials this week reiterating plans to keep raising interest rates higher to tamp down soaring inflation. Separately, the job market remains strong. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Lessons From the Turkish Government's Hasty Attempt to Regulate Cryptocurrencies
Grassroots action effectively stymied the quick adoption of bad crypto legislation.
Bitcoin Trades Cautiously Even as Real Yield, Dollar Support Bullish Stance
The U.S. 10-year real yield has dropped 46 basis points in two weeks, offering bullish cues to risk assets, including bitcoin.
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.
Janet Yellen Sees No Recession, Calls US Economy ‘Exceptionally Strong’
The Treasury Secretary stressed job growth during a press conference after the release of 2Q GDP data.
Ether, Solana Lead Losses Among Major Cryptos, Analysts See Further Declines After Fed Rate Hikes
No clear buy signal emerged for bitcoin and a poor macroeconomic situation still dominates, one analyst said.
