Fed Chair Powell’s Jackson Hole speech just got a lot less predictable
The economic data is difficult to parse, and that means Powell’s speech has become correspondingly more difficult to foretell.
Mexico inflation likely eased in first half of August
Mexico's year-on-year inflation likely eased in the first half of August, a Reuters poll showed on Monday, bolstering the case for the central bank to cuts its key interest rate again at its meeting next month. The median forecast of 10 analysts estimated inflation for the first two weeks of the month at 5.33%, down from 5.52% in the second half of July but still far from the central bank's target of 3% plus or minus one percentage point. Early this month, the Bank of Mexico (Banxico) cut its benchmark interest rate by 25 basis points to 10.75% in a split decision by the bank's governing board.
Musk blames the Fed for soft Tesla sales, but rate cuts won’t solve his problem, says ex-Hertz CEO
The former interim Hertz CEO responsible for a windfall Tesla deal three years ago doesn't believe EVs will gain disproportionately from Fed rate cuts.
Brazil Analysts Lift Interest Rate Forecast as Economy Outperforms
(Bloomberg) -- Brazil analysts lifted their estimates for the benchmark interest rate at the end of next year after the central bank said it won’t hesitate to tighten monetary policy due to a stronger-than-expected economy. Most Read from BloombergA Floating Island in Baltimore Raises Hope for a Waterfront Revival‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksThe Cross-Continental Race Using Only Public TransitCli
Why DePIN Is Taking Off Now
DePIN has existed for a few market cycles, with early successes in digital infrastructure networks like Helium and Golem. Now, half a decade later, it is taking off, as seen b...
Sliding Bitcoin Struggling to Harness Rebound in Global Risk Appetite
(Bloomberg) -- Bitcoin and the wider crypto market are nursing sharp losses for the month so far even as global stocks push back toward record highs after shaking off a growth scare over the US economy.Most Read from BloombergA Floating Island in Baltimore Raises Hope for a Waterfront Revival‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksThe Cross-Continental Race Using Only Public TransitClimate Disasters Are an
Bitcoin Staking Platform Babylon to Start Phased Mainnet Launch This Week
Allnodes, Figment and Galaxy Digital are among the finality providers.
Bitcoin Staking Platform Babylon to Start Phased Mainnet Launch This Week
Babylon's attempts to introduce BTC staking is one of many developments in recent months that are aiming to introduce greater utility to Bitcoin
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