💵 💴 💶US Inflation Moves Towards Fed Rate Cut💵 💴 💶 US inflation is on track to reach the 2% target by early next year, and the latest PCE Deflator data signals a green light for a rate cut in September. However, consumer spending remains robust, which might make the Fed hesitant to act aggressively. […]
💵 💴 💶Wall Street Closes Mixed as S&P 500 Rally Slows💵 💴 💶 On Thursday, Wall Street exhibited a mixed performance. Investors evaluated Nvidia’s results announced the day before, which led to a decline in the Nasdaq. However, stronger-than-expected U.S. GDP data helped the Dow index rise to a record high. The Dow index closed […]
💵 💴 💶Opportunity for Ethereum Investors💵 💴 💶 With the decline in Ethereum’s price and the general downturn in the market, a wave of panic has started. The 8.3% drop in the last 24 hours has led investors to sell off their holdings. According to the Realized Loss Indicator, $144 million worth of ETH was […]
💵 💴 💶Why is Bitcoin (BTC) Price Falling?💵 💴 💶 Bitcoin fell by 3.4% between August 26 and August 27, after dropping below the $63,500 support level it held for two days. This decline is partly due to worsening macroeconomic expectations, as well as decreased activity on the Bitcoin network, which may have led to […]
💵 💴 💶US Stock Markets Close Lower Due to Nvidia Drop💵 💴 💶 US stock markets closed lower due to a drop in Nvidia shares, while investors await an important inflation report set to be released on Friday. Both the S&P 500 and Nasdaq indices fell due to Nvidia’s decline, and investors are adopting a […]
💵 💴 💶Telegram Founder Pavel Durov Arrested: Reactions Intensify💵 💴 💶 Pavel Durov, founder and CEO of Telegram, has been detained by French authorities. According to Le Monde and other French media outlets, Durov was arrested at Le Bourget airport, north of Paris, after arriving on a private jet from Azerbaijan. Le Monde has referred […]
💵 💴 💶ECB Minutes Open the Door for a Possible Rate Cut in September💵 💴 💶 The newly released ECB minutes from the July meeting keep the door open for a possible rate cut in September but do not commit to any definite action. In the July meeting, ECB President Christine Lagarde adopted a more […]
💵 💴 💶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 […]
