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💵 💴 💶Minutes Show Fed is Preparing for Rate Cuts💵 💴 💶 The minutes indicate that some policymakers considered a 0.25-point rate cut during the July 30-31 meeting to be a ‘reasonable situation.’ Federal Reserve (Fed) officials were largely in agreement about lowering interest rates in their next meeting in September. In fact, some officials […]
💵 💴 💶GLOBAL MARKETS💵 💴 💶 Later in the day, revisions to the U.S. non-farm payrolls data for the month will be announced. It is expected that the revisions will show a decline in non-farm payrolls, supporting the expectation that the economy needs interest rate cuts. Tomorrow, the manufacturing purchasing managers’ index (PMI) will be […]
💵 💴 💶Bitcoin Price Declines Ahead of Fed Speech💵 💴 💶 Bitcoin’s price has fallen ahead of Fed Chairman Jerome Powell’s speech at the Jackson Hole symposium. The event is expected to provide insights into the potential size of a Fed rate cut in September and the current state of the U.S. economy. Over the […]
💵 💴 💶GLOBAL MARKETS💵 💴 💶 Asian stock markets are taking a breather today after global equities posted their best weekly performance in nine months, buoyed by expectations that the U.S. economy will avoid recession and that slowing inflation will lead to interest rate cuts. Gold has risen to $2,500 per ounce for the first […]
💵 💴 💶Bitcoin Surpasses $59,000💵 💴 💶 Bitcoin (BTC) saw a drop of over 4% in the last 24 hours, trading around $58,000 and erasing all gains from the previous week. The decline in BTC has led to losses in major tokens, causing a general market downturn. Ether (ETH) dropped by 3.8%, while Solana (SOL), […]
💵 💴 💶 US Inflation Data Released 💵 💴 💶 The long-awaited US Consumer Price Index (CPI) data has been released. Annual inflation for July increased by 2.9%. Expectations ranged from 2.9% to 3.0% among different institutions. Monthly inflation also rose by 0.2%, aligning with expectations. The core inflation, excluding energy and food prices, rose […]
💵 💴 💶 GLOBAL MARKETS 💵 💴 💶 Goldman Sachs has reduced its expectations for the Fed’s preferred inflation measure, the Personal Consumption Expenditures (PCE) index, from 0.17% to 0.14%. Investors will be monitoring the consumer price data to be released later in the day. Economists expect a 0.2% increase in both core and headline […]
Ethereum Surpasses Bitcoin Europe’s largest digital asset management firm, CoinShares, has released its weekly crypto fund report. This time, investor preference shifted from Bitcoin funds to Ether funds. While net inflows into funds amounted to $176 million, analysts noted in the report, “Investors viewed price declines as a significant buying opportunity.” Ether funds saw net […]
US Inflation Data The money markets are pricing in a 100 basis point interest rate cut by the Fed this year. However, some analysts believe that such a large cut is not fully supported by economic data. The Consumer Price Index (CPI) for July, to be announced on Wednesday, and retail sales data on Thursday […]
ABD Çalışma Bakanlığı’nın açıkladığı verilere göre, ülkede ilk kez işsizlik maaşı başvurusunda bulunanların sayısı önceki haftaya kıyasla 5 bin kişi azalarak 238 bin olarak açıklandı. Piyasa beklentisi, başvuru sayısının 235 bin olacağı yönündeydi. Ayrıca süregelen işsizlik maaşı başvuru sayısı da 8 bin kişi artarak 1 milyon 828 bine çıktı. Geçen hafta açıklanan veriler ise revize […]