Inflation concerns persist as the U.S. Bureau of Labor Statistics gears up to unveil the April Consumer Price Index (CPI) data on May 15. The projections suggest that April’s CPI could range between 3.3% and 3.4%, the figures could amplify worries about inflation running higher than the Federal Reserve’s target
Investors are waiting anxiously for important economic data to help them navigate the volatile cryptocurrency market. Important data, such as the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI), is set to be released soon and might affect market dynamics, especially given the current gloomy sentiment in the
Following last month’s ruling by a Wyoming court that Custodia Bank did not have the right to a Federal Reserve master account, the digital asset bank filed a notice of appeal on Friday. As the latest development in a long-running dispute over the bank’s potential access to the central bank’s
All eyes are on the impending release of critical economic figures as the cryptocurrency market prepares for a significant week. U.S statistics from the Consumer Price Index (CPI) and the Producer Price Index (PPI) are anticipated by investors with great anticipation, as they will provide insight into inflation tendencies. Amidst
Custodia Bank, a digital asset bank, had its request for a declaratory judgment denied by the U.S District Court for the District of Wyoming, which also rejected the bank’s request for a master account with the U.S Federal Reserve. But Custodia insists it is not giving up and is looking
A decision to maintain unchanged interest rates has been made by the Federal Reserve. Based on this decision, the benchmark overnight interest rate will remain between 5.25% and 5.50%. The decision follows two years of vigorous monetary policy tightening by the Federal Reserve. The action was taken in reaction to
Bitcoin (BTC) has displayed a notable downturn, succumbing to pressures as it dropped by a significant 7% today, March 20. This downward spiral marks the second consecutive day of outflows for Bitcoin ETFs, with $326 million exiting the market, more than doubling the previous day’s figures. The BTC price decline
Amidst the record-breaking performance of the S&P 500, fueled by robust corporate earnings, the US stock market surge is not just elevating investor sentiments but also triggering uncertainty in the crypto markets. As corporate earnings take the spotlight, attention is shifting towards the Federal Reserve’s future trajectory, leaving crypto enthusiasts
According to Federal Reserve governor Christopher Waller, the dollar’s position as a worldwide reserve currency may be being solidified by the widespread use of stablecoins denominated in U.S dollars in the decentralized finance (DeFi) space. Waller said at a central banking-focused conference on February 15 that the U.S. dollar is
Inflation came in at 3.1% in January, according to figures released by the U.S. Bureau of Labor Statistics’ consumer price index (CPI). While this was better than market expectations of 2.9%, it was below the 3.4% inflation print from December. The report has also moved the U.S Federal Reserve’s rate
