Federal Reserve officials face a critical policy test next week as financial markets now assign an 87% probability to a 25-basis-point rate increase at the September 15â16 meeting. The sharp repricing follows August consumer price index data that showed inflation remaining stubbornly above the central bankâs 2% target. With Bitcoin trading near $77,256, cryptocurrency traders ...
Bitcoin’s near-term upside faces fresh headwinds after hotter-than-expected core inflation data, but a potential failure of the U.S. Treasury’s bond buyback program could strengthen the longer-term bullish case, according to a new report from European asset manager CoinShares. Sticky Inflation Raises Odds of Tighter Fed Policy In a Friday note, CoinShares Head of Research James ...
Oil Surges Toward $100 as Iran Tensions Escalate Brent crude reached a seven-week high near $99 a barrel this week, while West Texas Intermediate climbed above $92. The rally follows Iran’s announcement that it plans to declare a maritime “exclusion zone” around the Strait of Hormuz, warning it will stop ships attempting to pass without ...
Federal Reserve Chairman Kevin Warsh said the central bankâs âpredominant focusâ should remain on inflation, striking a hawkish tone in closely watched remarks at the…