• Nov 25, 2024

Trump Trade Muddles Inflation Outlook in Fed’s Favorite Gauge

(Bloomberg) -- A stock-market rally boosted by President-elect Donald Trump’s victory is set to put upward pressure on the Federal Reserve’s preferred inflation gauge, which in turn could keep interest rates elevated.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion Pl

  • Nov 25, 2024

Bitcoin Hits Another All-Time High on Trump's Election Win. Is There More to Come?

Ever since Donald Trump won the presidential election on Nov. 5, Bitcoin (CRYPTO: BTC) has been absolutely en fuego. The pro-crypto optimism surrounding the Trump presidency is gaining momentum, and investors are likely to ratchet up their price forecasts for Bitcoin as we head into 2025. The so-called "Trump trade" is essentially a bet that many of the pro-crypto promises made by Trump on the campaign trail will actually materialize once he becomes president.