Key Highlights The Federal Reserve signaled ongoing pressure to curb inflation, delivering a more hawkish tone than markets had anticipated despite holding steady on rates. Market pricing via CME FedWatch reflects strong expectations of monetary tightening, with a 78.4% probability of a rate hike in December and continued pressure into early next year. Cryptocurrency and ...
Key Highlights The Federal Reserve signaled ongoing economic resilience, projecting third-quarter GDP growth could exceed 3% alongside strong capital investment. Fed Chairman Kevin Warsh addressed inflation dynamics, reaffirming a strict 2% PCE price stability target under a “new monetary therapy.” Significant structural changes to the FOMC meeting and voting schedule were outlined for upcoming years, ...
Key Highlights Treasury yields have pulled back from recent highs, with the 10-year yield dropping 36 basis points to 5% and the 30-year yield falling 40 basis points, easing broader financial conditions. Market participants are closely watching Kevin Warsh’s commentary regarding persistent inflation and record-high diesel costs, which could fuel expectations for upcoming interest rate ...
Key Highlights: Market sentiment has dramatically pivoted, with expectations of the Federal Reserve keeping interest rates unchanged at the October meeting rising above 90%, compared to a 64.2% rate-hike probability seen on September 25. Pricing for the December 9 meeting signals further tightening, with CME FedWatch indicating a combined 74.2% probability that benchmark rates will ...
Key Highlights: Rising bank deposit yields are posing competition for non-yield-bearing stablecoins, particularly impacting USD Coin (USDC) due to its strong ties to United States institutions. Visa is expanding its stablecoin settlement rails via Visa Direct, enabling USDC-funded cross-border payouts across more than 180 countries in partnership with Inyo Global. Visa’s dollar-pegged stablecoin settlement volume ...
Key Highlights Bank of America CEO Brian Moynihan warned that as much as $6 trillion in traditional deposits could shift toward yield-generating stablecoins and related instruments. Research from the Federal Reserve and the Bank for International Settlements (BIS) indicates that while stablecoin reserves may flow back into banks, the shift alters funding stability and raises ...
Key Highlights: U.S. monthly producer prices saw their steepest increase since March 2022, compounding pressure alongside hot consumer inflation data. Bitcoin briefly dropped below $80,000 in response to the economic reports before recovering back toward $82,000. Technical indicators point to potential retest zones near $78,000, with key exponential moving averages sitting around $76,144 and $78,459. ...
Key Highlights The headline Consumer Price Index (CPI) climbed 3.7% year-over-year in September, exceeding expectations of 3.6%. Core CPI, which strips out volatile food and energy costs, expanded 0.3% month-over-month and 2.6% annually, both topping consensus forecasts. Financial markets reacted sharply, with Bitcoin tumbling $1,000 to $82,800, the 10-year Treasury yield jumping to 5.284%, and ...
Key Highlights: The upcoming September U.S. Consumer Price Index (CPI) report is forecast to show a 0.6% monthly rise and a 3.6% annual increase, while core CPI is projected to increase 0.2% month-on-month and 2.5% annually. Cryptocurrency market participants are closely monitoring the data for insights into future Federal Reserve monetary policy and benchmark interest ...
Key Highlights: Federal Reserve official Williams reaffirmed that an additional interest rate increase may be warranted this year to curb inflation. Williams projected that artificial intelligence investments will remain resilient against restrictive monetary policy due to high investor enthusiasm for transformative productivity gains. Bitcoin mining operations pivoting toward AI cloud services, including IREN and Riot, ...
Key Highlights: U.S. 10-year Treasury yields have surged around 120 basis points this year, registering the largest quarterly jump of the century between July and September. Market experts warn yields above 5.5% could destabilize risk assets, with real rates driving over 70% of the recent surge alongside mounting corporate and mortgage hedging pressures. Freddie Mac ...
Key Highlights The Institute for Supply Management (ISM) services prices index registered at 74.0, signaling broader input-cost pressure despite slowing economic growth. Federal Reserve Vice Chair Philip Jefferson indicated that inflation risks remain tilted upward following September’s quarter-point interest rate increase. Persisting rate uncertainty poses liquidity and funding risks for leveraged Bitcoin positions, with the ...