Interest Rates


Markets

Bitcoin, Stocks Bleed as China Rate Cuts Signals Panic, Treasury Yield Curve Steepens

China's back-to-back interest-rate cuts signal urgency to shore up growth after the recent Communist party plenum offered little support to the nation's flagging economy.

China renminbi bills (Moerschy/Pixabay)

Markets

Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists

Thursday’s CPI report showed that prices declined on a monthly basis for the first time since March 2020, spurring hope that the Fed will finally cut rates.

A weakening labor market could persuade the Fed to cut rates even as inflation is not yet back to the Fed's 2% goal. (Anchalee Phanmaha/Getty Images)

Markets

Bitcoin Little-Changed Above $57K as Fed Chair Powell Testifies to Congress

Jerome Powell made clear that central bank policymakers are focused on downside risks to the economy as much as they are inflation.

Federal Reserve Chair Jerome Powell (Win McNamee/Getty Images)

Markets

Bank of Canada Begins G-7 Monetary Easing Cycle, Trimming Benchmark Rate 25 Basis Points

Bitcoin prices could receive a tailwind from lower interest rates in developed economies.

Canada's regulatory situation is both clear and more conservative than in the U.S. (Sebastiaan Stam/Unsplash)

Finance

U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K

In a year of mostly bad news on inflation, the government's Wednesday report gave some hope that Fed rate cuts might still be on the table.

The government's inflation report for April was released Wednesday morning (Getty Images)

Finance

U.S. April Job Additions of 175K Miss Forecasts for 243K, BTC Rises Above $60K

Interest rates and the dollar have both risen strongly in 2024 as expectations of a slowing in the economy and inflation have failed to pan out, but today's report suggests a possible change in trend.

(Unsplash)

Finance

Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled

Hopes for a series of interest rate cuts in 2024 have all but vanished over the past few weeks as both the economy and inflation exhibit unanticipated strength.

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)

Finance

U.S. CPI Comes in Faster Than Hoped, Rising 0.4% in March, 3.5% Y/Y

Stubbornly high inflation has shattered Wall Street expectations for a long series of rate cuts in 2024.

food shopping in brown bags

Finance

U.S. Added 303K Jobs in March, Outpacing Expectations for 200K

The ETF-led bitcoin rally has stalled over the past three weeks, at least in part thanks to economic indicators pointing to higher than expected interest rates.

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

Markets

Bitcoin Sells Off 3%; Is Macro Risk Returning to Market?

U.S. economic data on Thursday has sent interest rates and the dollar higher.

Macro risk returns (Getty Images)