The Federal Open Market Committee (FOMC) has reaffirmed its commitment to higher interest rates, signaling the possibility of another rate increase in the near future. Despite a complex economic environment characterized by elevated inflation and slowing job gains, the FOMC remains optimistic about the strength of the labor market and the pace of real GDP […]
The International Monetary Fund (IMF) has raised concerns about high inflation rates and has urged central banks worldwide to maintain tight monetary policies until inflation is reduced. The IMF has revised its global inflation forecast for 2024 to 5.8%, higher than the previous estimate of 5.2%. The fund predicts that inflation will continue to surpass […]
The U.S. Bureau of Labor Statistics released a better-than-expected jobs report in September, which has had a positive effect on stock and bond markets. The nonfarm payroll employment increased by 336,000, and the unemployment rate remained unchanged at 3.8%. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw increases, and the 10-year […]
The bond market has been in a sell-off as traders await the upcoming US non-farm payrolls (NFP) data. The 30-year treasury yield has jumped to 4.90% and the 10-year to 4.80%, leading to a retreat in American equities. Cryptocurrencies have held up well during this time, with the total market cap of all coins remaining […]
The bond market has been in a sell-off as traders await the upcoming US non-farm payrolls (NFP) data. The 30-year treasury yield has jumped to 4.90% and the 10-year to 4.80%, leading to a retreat in American equities. Cryptocurrencies have held up well during this time, with the total market cap of all coins remaining […]
Economist Henrik Zeberg has predicted a big Bitcoin rally, based on the BTC/SPX Ratio, which shows Bitcoin outperforming stocks. Bitcoin’s current price hovers near $27,500, potentially rising if it surpasses $27,700 resistance.Zeberg’s analysis centers on the BTC/SPX Ratio, an indicator juxtaposing Bitcoin’s performance against the S&P 500 index (SPX). He hints at a substantial Bitcoin […]
Bitcoin has been relatively steady in September, posting one of its strongest performances since 2012 and 2016. Trading at around the $27,300 zone on October 3, Bitcoin is up roughly 10% from September lows, and traders are confident that the next leg of higher highs has just begun. Despite attractive interest rates in the United […]
The U.S. dollar has surged to its highest point in ten months against a range of major currencies, driven by the Federal Reserve’s unwavering commitment to raising interest rates and maintaining them at elevated levels, as well as the steady rise in benchmark 10-year Treasury yields. This surge has caused the euro to approach a […]
JPMorgan CEO Jamie Dimon has warned that the global economy may not be ready to face the worst-case scenario of the U.S. interest rate rising as high as 7%, according to a Bloomberg report on Tuesday. Since March 2022, the Federal Reserve has increased the benchmark borrowing cost by 525 basis points to the 5.25%-5.5% […]
This week is set to be an important one for September, with several major developments taking place. From inflation numbers to interest rates, here are three things to watch out for. Today, the United States Securities and Exchange Commission and Binance will have an important hearing regarding a case between the two. The SEC has […]
