Key Highlights: September CPI is due on October 14, followed by September PPI and retail sales on October 15. The Federal Reserve’s two-day FOMC meeting concludes on October 28, with a policy statement and Chair Kevin Warsh’s press conference scheduled that day. Third-quarter GDP and September Personal Income and Outlays, including the Federal Reserve’s preferred ...
Key Highlights Chicago Fed President Austan Goolsbee signaled openness to rate cuts if inflation meaningfully decelerates toward the 2% target, while emphasizing the need for decisive action against price pressures. U.S. Treasury Secretary Scott Bessent expressed confidence in Fed Chairman Kevin Warsh and noted President Donald Trump shares that confidence, alongside an expansion of the ...
Bitcoin maintained its position near pre-announcement levels around $76,000 on Wednesday, showing minimal immediate reaction to the U.S. Federal Reserve’s decision to raise its benchmark interest rate for the first time since 2023. Fed Raises Rates by 25 Basis Points The Federal Open Market Committee voted unanimously to increase rates by 25 basis points, setting ...
Goldman Sachs Revises Fed Rate Forecast, Now Expects October Hike Goldman Sachs has executed a significant reversal in its Federal Reserve policy outlook, now projecting that the central bank will raise its benchmark interest rate once more in October. This new forecast marks a 180-degree pivot from the firm’s previous expectation of a September hike ...
Fed Rate Decision Looms as Key Catalyst for Gold Price Direction The Federal Reserve’s September 16 interest rate decision stands as the pivotal event for gold markets this week, with traders closely monitoring XAUUSD for signs of a decisive breakout or rejection following the FOMC announcement. Gold has rebounded from the $4,300 level to trade ...
Fed Expected to Raise Rates by 25 Basis Points Crypto markets are already under pressure ahead of today’s Federal Open Market Committee (FOMC) meeting, with Bitcoin trading below $75,000. The Fed is widely expected to raise rates by 25 basis points, a move that is largely priced in. Traders are now focused on Chair Kevin ...
Federal Reserve Poised for First Rate Hike Since 2023 Amid Inflation Pressure Wall Street is bracing for the Federal Reserve to raise interest rates on Wednesday, a move that would mark the first increase since 2023. The Federal Open Market Committee concludes its two-day meeting this week, and CME’s FedWatch tool places the probability of ...
Bitcoin Price Spikes, Shrugs Off Hot US Inflation Data Bitcoin’s price rose on Friday despite data revealing that U.S. inflation had accelerated, defying typical market expectations that higher inflation would pressure risk assets. Bitcoin Trades Near $79,000 Amid Inflation Surprise The largest cryptocurrency by market capitalization was recently trading close to $78,749 after jumping 2% ...
Wholesale Inflation Rises as Expected in August, Producer Prices Climb 0.4% U.S. wholesale inflation advanced largely in line with forecasts in August, according to data released Wednesday by the Bureau of Labor Statistics. The report arrives days before the closely watched Consumer Price Index release and as traders weigh the likelihood of another Federal Reserve ...
Bitcoin (BTC) fell about 0.7% over the 24 hours to around $77,800 on Aug. 31, extending its retreat after another failed attempt to hold above…
Economist James E. Thorne has criticized the Federal Reserve’s restrictive monetary policy, arguing that higher interest rates may not address the underlying causes of current…
Bitcoin has pulled back from its weekly high of $81,455, but its August gains remain substantial. As of Aug. 29, 2026, at 8:30 a.m., bitcoin…