Interest Rates
With respect to today’s FOMC meeting, Powell needs to carefully consider where he wants to attempt guiding yields
Fed funds futures markets were pricing in a 99.2% likelihood that the committee announces a 25bps cut tomorrow
Historically, positive returns have been a bit more of a toss-up during the year’s 11th month
August’s annual headline figure came in at 2.3% after an upward revision Thursday, so things are moving in the right direction
Markets are, unsurprisingly, still all but certain (96% sure) the Fed will opt for another 25bps interest rate cut next month
It’s crucial to look at the broad economy and not just the overnight rate that the Fed talks about
Plus, there’s a glaring question many in the crypto community want Kamala Harris to address
Today’s data points further solidify the notion that the economy is largely doing okay
Plus, hotter-than-expected inflation data this week stirs uncertainty about November rate cut possibilities
Various factors are likely to temper strong jobs data-spurred optimism in the short term, industry watchers say
Latest stats from the US Bureau of Economic Analysis reinforce expectations of a continued dovish policy stance, analysts say
Plus, how Democrats are slowly shifting on crypto policy
How have central banks reacted to the US Federal Reserve lowering interest rates for the first time in more than four years?
Despite short-term boost, Bybit executive warns investors of “potential challenges posed by economic uncertainty and market fluctuations”
Plus, Trump’s purchase of burgers and diet cokes with $950 worth of BTC
Bitcoin’s price saw a bump above $60,700 in the minutes following the rate cut announcement
The decision comes “in light of the progress on inflation and the balance of risks,” according to an FOMC statement
The Fed could opt for a 25bps cut considering Tuesday’s better-than-expected US retail sales data, industry executive argues
Plus, Ben evaluates whether a 25bps rate cut is more likely now
Some believe a rate cut of 50 basis points could spark investor fears of a recession and increase volatility. Others think differently.
Plus, another traditional money manager bets on tokenization
Plus, a look at BTC ETFs’ performance so far this year
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