Interest Rates
U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K
In a year of mostly bad news on inflation, the government's Wednesday report gave some hope that Fed rate cuts might still be on the table.
U.S. April Job Additions of 175K Miss Forecasts for 243K, BTC Rises Above $60K
Interest rates and the dollar have both risen strongly in 2024 as expectations of a slowing in the economy and inflation have failed to pan out, but today's report suggests a possible change in trend.
Federal Reserve Holds Policy Steady, Says Progress on Inflation Has Stalled
Hopes for a series of interest rate cuts in 2024 have all but vanished over the past few weeks as both the economy and inflation exhibit unanticipated strength.
U.S. CPI Comes in Faster Than Hoped, Rising 0.4% in March, 3.5% Y/Y
Stubbornly high inflation has shattered Wall Street expectations for a long series of rate cuts in 2024.
U.S. Added 303K Jobs in March, Outpacing Expectations for 200K
The ETF-led bitcoin rally has stalled over the past three weeks, at least in part thanks to economic indicators pointing to higher than expected interest rates.
Bitcoin Sells Off 3%; Is Macro Risk Returning to Market?
U.S. economic data on Thursday has sent interest rates and the dollar higher.
U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rose to 3.9%
So far in 2024, bitcoin's concerns about the path of the economy or interest rates have taken a back seat to the overwhelming demand from the spot ETFs.
Risk Assets Like Bitcoin Are Defying Low Fed Rate Cut Expectations: Analyst
An interest rate cut isn't likely on the table, but risk assets are doing just fine
U.S. Added 353K Jobs in January, Blowing Past Estimates
The latest update on the labor market came less than two days after the Fed's Jerome Powell poured cold water on market hopes of a rate cut in March.
Fed Leaves Rates Unchanged, Sounds Hawkish Note on March
Bitcoin investors have mostly been focused on spot ETFs and the upcoming halving, but central bank monetary policy is also likely to play a sizable role in the 2024 price outlook.
