U.S. Economy


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Bitcoin Outlook as Yellen Says US Economy Not in Recession

Treasury Secretary Janet Yellen said the US economy is not in a recession, despite GDP falling 0.9% in the second quarter. Tactive Wealth Advisor Eddy Gifford reacts to Yellen's latest comments and shares his insights on whether the bitcoin rally is here to stay.

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Mercati

Stand-Off Over $28T of US Government Debt Could Rattle Bitcoin Market

The American government has never defaulted on its debts, but congressional gridlock over raising the debt ceiling is making investors question what would happen if it did.

Janet Yellen, U.S. Treasury secretary, speaks during an interview at the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, U.S., on Tuesday, Sept. 28, 2021. Yellen today warned that her department will effectively run out of cash around Oct. 18 unless Congress suspends or increases the federal debt limit, putting pressure on lawmakers to avert a default on U.S. obligations. Photographer: Amanda Andrade-Rhoades/Bloomberg via Getty Images

Mercati

Bitcoin Pares Losses as Fed’s Powell Sees No Rate Hike Anytime Soon

Federal Reserve Chair Jerome Powell assures markets that monetary policy will stay loose "as long as it takes."

Federal Reserve Chair Jerome Powell speaks Wednesday at a press conference, following the U.S. central bank's two-day meeting.

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