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  • Aug 30, 2024

Bitcoin Chop Continues Until...

Despite recent Crypto pullback, key Bitcoin signals highlight an impending bull run. By analyzing global liquidity, correlations with traditional markets, and institutional adoption, investors are positioning for a very bullish future ahead. Watch this date range for Bitcoin's next major move.

  • Aug 30, 2024

Instant view: No surprises from US PCE inflation to alter Fed easing path

The data looks unlikely to divert the Federal reserve, which tracks the PCE price measures as an inflation gauge for monetary policy, from lowering interest rates at least 25 basis points in September. In the 12 months through July, the PCE price index increased 2.5%, matching June's gain and beating the 2.6% gain expected by economists polled by Reuters. Excluding the volatile food and energy components, the PCE price index rose 0.2% last month, matching the increase in June.

  • Aug 30, 2024

US dollar gains after inflation data

The U.S. dollar gained on Friday after data showed a key inflation measure came in line with expectations, while personal spending and income increased, reinforcing expectations that the Federal Reserve will like cut interest rates by a smaller 25 basis points next month. The personal consumption expenditures (PCE) price index rose 0.2% last month, in line with expectations, after an unrevised 0.1% advance in June, data showed. In the 12 months through July, the PCE price index increased 2.5%, matching June's gain.

  • Aug 30, 2024

Traders see Fed delivering 25 bps cut in Sept, 100 bps by year-end

Traders added to bets that the Federal Reserve will start U.S. interest-rate cuts next month with a quarter-point reduction in the policy rate, rather than a bigger half-point cut, after the U.S. central bank's preferred gauge of inflation for July showed inflation rose in line with economist expectations even as consumer spending increased solidly. Traders continued to see the Fed cutting rates by a full percentage point over the final three meetings of the year. Fed Chair Jerome Powell last week said "the time has come" to ease policy.

  • Aug 30, 2024

US consumer spending picks up; inflation rises moderately in July

U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-percentage-point interest rate cut from the Federal Reserve next month. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.5% last month after advancing by an unrevised 0.3% in June, the Commerce Department reported on Friday. This implies that consumer spending maintained most of the momentum from the second quarter, when it helped to boost gross domestic product growth to a 3.0% annualized rate.

  • Aug 30, 2024

Futures extend gains after inflation data

U.S. stock index futures extended gains on Friday after a key inflation report showed price pressures rose almost in line with expectations in July, confirming bets on an interest-rate cut at the Federal Reserve's September meeting. The Personal Consumption Expenditure index, the Fed's preferred measure of inflation, rose 2.5% in July on an annual basis, compared with an estimate of 2.6%, according to economists polled by Reuters. On a monthly basis, it rose 0.2%.

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