“With quantitative tightening [QT] ending, the Fed is back in the bond market, and the drain of cash from markets may be behind us,” Coinbase Institutional stated on Wednesday before adding, “That’s usually good for risk-on assets like crypto.” The findings came in the company’s monthly outlook report, which took a deep dive into why […]
The focus this week is on labor markets and backdated PMI reports, with September’s PCE inflation report also due. Investor outlook mostly improved last week as rate-cut expectations firmed, with CME futures pricing an 87% chance of a rate cut on December 10. Meanwhile, President Trump says he has decided who will be the next […]
The US Federal Reserve did what many anticipated and lowered the key interest rates by 25 bps earlier today. Although such a move is typically regarded as bullish for risk-on assets like crypto, the reality is that the immediate effect has been anything but positive. Even before the FOMC meeting, though, many expected such behavior […]
The US government’s economic data blackout continues, with the shutdown entering day 23. There has been no September jobs report, any key inflation data, or initial jobless claims for weeks. Additionally, the Fed has lost access to key private jobs data from ADP, covering 20% of private workers, reported the WSJ and Kobeissi Letter. “The […]
Crypto markets have consolidated over the weekend with minor gains for the major assets, but no signs of renewed bullish momentum just yet. Despite the US government shutdown, the week ahead has a key inflation report delayed from September that is likely the last major piece of economic data the Federal Reserve will receive before its […]
Fed Chair Jerome Powell’s comments on Tuesday have rekindled some confidence in crypto markets, as the likelihood of rate cuts increases. In a speech about the central bank’s balance sheet, Powell openly acknowledged the rising “downside risks to unemployment” in a dovish signal that the central bank is preparing to ease monetary policy. “Rising downside […]
The ongoing US government shutdown is hampering policymakers’ efforts to analyze economic data, which could influence monetary policy. Crypto markets and stocks tanked on Friday and over the weekend in reaction to Donald Trump’s latest salvo of tariffs on China. President Trump announced that he will impose an additional 100% tariff on goods from China, […]
Powell delivered a speech at the Greater Providence Chamber of Commerce on Tuesday, outlining the central bank’s economic outlook, which could heavily impact risk-on assets such as crypto. He said that GDP growth has moderated to around 1.5% in the first half of the year, down from 2.5% last year, and unemployment remains low at […]
Crypto markets spent most of the weekend flat but have taken a dip over the past few hours in the usual Monday morning retreat. All three US stock indices hit new all-time highs on Friday, driven by Fed rate cut optimism and tech sector strength. Market sentiment was also supported by positive vibes from the […]
The Federal Reserve cut interest rates by 25 basis points for the first time since December on Wednesday, signaling concerns about a weakening labor market. The Federal Open Market Committee voted to lower its target range to 4% to 4.25%, in line with investor expectations. After the move, Fed Chair Jerome Powell said in a […]