Citi Analysts Predict 1.25% Fed Rate Cut From Inflation Data
Citi analysts anticipate a 1.25% Fed rate cut in 2024 despite the cooling US CPI inflation data and quoting stable core PCE inflation. The recent US CPI inflation data has reignited debates regarding the potential Fed rate cut in September. Although many experts have reduced their predictions for a 125 basis point rate reduction in […]
BTC, ETH, &Other Altcoin Prices Drop In Crypto Market Crash
The recent crypto market crash worsened investors’ concern about the recession sparked by US job data, resulting in a decline in BTC, ETH, and other digital currencies. The recent crypto market crash has sparked new concerns among investors, particularly in light of the recent US Job data, which has solidified speculation regarding a potential 0.5% […]
Fed Issues Cease and Desist to Texas Bank Over Crypto Firm Services
The US Federal Reserve claimed it discovered “significant deficiencies” in the bank’s dealings with crypto clients and risk management systems. The United States Federal Reserve has issued a cease and desist order to United Texas Bank, known for its crypto-friendly approach, due to “significant deficiencies” in its risk management and dealings with cryptocurrency clients. In […]
Crypto Market Waits On US Job Data; Will Rate Cut Spike BTC?
The crypto market is awaiting US job data and comments from Fed officials, which might affect the rally in Bitcoin and other cryptocurrencies. The crypto market anticipates major events like the US job data next week. One of the most anticipated data sets for the following week would be the employment numbers, confirming speculation about […]
Goldman Sachs Lowers US Recession Risk to 20%
Goldman Sachs may reduce the recession probability to 15% if the August jobs report, expected on September 6, is favorable. In light of recent data on retail sales and unemployment, economists working for the global investment firm Goldman Sachs have reduced their forecast for the likelihood of a recession occurring in the United States within […]