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The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession. America’s Q2 GDP Data Points to a Recession One of the principal agencies … Read more
The Fed rate hike and comments from Jerome Powell serve to buoy risk assets, with one analyst arguing that the worst of the bank’s “hawkish” phase has already passed. Go to Source Powered by WPeMatico
On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central bank’s third rate increase after increasing the benchmark rate by 50 bps last March. Fed Hikes Rate by 75 bps for … Read more
No surprises from the Fed as Bitcoin bulls see rewards for late longs with the press conference still to come. Go to Source Powered by WPeMatico
The Fed keeps markets on their toes while Bitcoin price action manages to inch higher prior to the Wall Street open. Go to Source Powered by WPeMatico
With inflation soaring in the U.S., economists from monetary policy analytics and forecasting firm LH Meyer say the U.S. Federal Reserve could stop shrinking its balance sheet earlier than expected. However, critics have said the U.S. central bank hasn’t really shrunk the Fed’s balance at all, and the entity has been accused of keeping quantitative … Read more
After people have accused bureaucrats and government agencies of changing definitions during the last few years, Joe Biden’s administration now claims that a second consecutive quarter of negative gross domestic product (GDP) does not indicate the U.S. is in a recession. This is despite the fact that two negative GDPs have always been considered a … Read more
Bitcoin prepares for what promises to be a tense week of rate hikes, earnings and more as BTC fails to reclaim crucial trendline. Go to Source Powered by WPeMatico
In mid-June red hot inflation reared its ugly head in America once again, as the latest U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI) report indicated that inflation in June rose at the fastest pace in over 40 years. U.S. president Joe Biden has been in office for 18 months now, and media reports … Read more
BTC derivatives used by whales and market makers do not support a continuous price recovery above $24,000. Go to Source Powered by WPeMatico