Treasury yields mostly fell on Friday as traders digested June inflation data that may impact Federal Reserve thinking on the pace of interest rate rises. What’s happening The yield on Read more
Tag: Money/Currency Markets
Is the crypto bear market over? Here’s what to watch.
Bitcoin and ether are on track to record their best month since last October, prompting some investors to ask if the crypto bear market is over. The No.1 cryptocurrency BTCUSD, Read more
Was Fed’s Powell dovish or not? 4 key takeaways from today’s press conference
Investors reacted as if Fed Chairman Jerome Powell’s press conference Wednesday was dovish, but many economists think it was on the hawkish side of the street. Here are some of Read more
Fed jacks up interest rates again to combat highest inflation in 41 years
The Federal Reserve on Wednesday raised a key U.S. interest rate for the fourth time this year in an aggressive bid to cool off the hottest inflation in four decades, Read more
Matt Damon crypto commercial: How much you would have lost if you invested then
Remember when Matt Damon told you, “Fortune favors the brave”? Well, Twitter TWTR, +1.30% users do, and many of them are bringing up the viral Crypto.com ad, while prices for Read more
Tax-free crypto payments? Senators propose bill for transactions under $50
A new bill proposed by two U.S. Senators would make cryptocurrency transactions for less than $50 tax-exempt. The Virtual Currency Tax Fairness Act of 2022, which was proposed by Republican Read more
Fed jacks up interest rates again to combat highest inflation in 41 years
The Federal Reserve on Wednesday raised a key U.S. interest rate for the fourth time this year in an aggressive bid to cool off the hottest inflation in four decades, Read more
U.S. trade deficit in goods narrows for third straight month in June
The numbers: The U.S. trade deficit in goods narrowed 5.6% to $98.2 billion in June, according to the Commerce Department’s advanced estimate released Wednesday. After jumping in May, the deficit Read more
Treasury yields tick higher ahead of expected Fed rate hike
Treasury yields edged higher Wednesday as investors awaited an expected interest rate increase by the Federal Reserve. What yields are doing The 2-year Treasury note yield TMUBMUSD02Y, 3.068% was at Read more
Here’s what Bill Ackman says Powell should tell traders about Fed rate-hike plans
“‘Tomorrow, Powell is likely to be asked: “Market pricing implies that the terminal FF rate will peak at 3.4% in 12/22 immediately declining thereafter to 2.7% by YE ‘23. What Read more